Mobile Phone Portability Allows Consumers to Retain Their Phone Number

question 38

Multiple Choice

Mobile phone portability allows consumers to retain their phone number if they change to a different phone network, which will tend to:

• A) increase barriers to entry in the phone industry.
• B) discourage product differentiation and increase switching costs.
• C) encourage the formation of natural monopolies.
• D) reduce market power in the phone industry.

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Definitions:

Homo Sapiens

The scientific name for modern humans, a species characterized by a high level of intelligence and complex social behaviors.

Modern Humans

Homo sapiens, the only extant human species, characterized by advanced cognitive abilities, language, and the ability to create complex tools and cultures.

Eukarya

One of the three domains of life, consisting of organisms with cells that have a nucleus enclosed within membranes, unlike bacteria and archaea.

Protista

A kingdom of simple eukaryotic organisms, usually unicellular, that are neither plants, animals, nor fungi, including amoebas, and algae.