In looking at the distribution of countries in terms of the price of 1 gigabyte of mobile data, certain relationships seem to make more economic sense than others. From the following set, please identify that statement that provides a fundamentally wrong interpretation for the wide variation in the price of 1 gigabyte of MB of data worldwideA) Countries with some to extensive fixed-line telecom infrastructure can offer mobile plans with more data at a cheaper price. B) Low demand in a market typically leads to an increase in competing mobile providers, which in turn reduces the supply of product, and hence, lower the price to consumers. C) Wealthier nations tend to charge more for mobile services since the population can generally afford to pay more. D) Countries with minimal or no fixed-line telecom infrastructure must rely on more costly connections, such as satellites, and the higher cost typically gets passed to the consumer. E) Operating a local network in wealthier countries costs more, given greater regulations and more expensive input, therefore resulting in higher prices for the consumer. THE COST OFTHERE ARE MORE MOBILE PHONE1 GB of Mobile Datain Every Countrysubscriptions in the world right nowthan there are human beings.Despite cell phone use becoming prevalentworldwide, the cost of data still varies greatlyfrom country to country. Here's a look at theaverage cost of 1 GB of data across the globe.Average priceof 1GB (USD)$30$30$15BeninMalawi$1$27.41$27.22Price of 1GB$25The three countries with themost expensive mobile dataper 1GB are all in Africa.Chad$23.33Cost of data drops asnetworks grow in a countryTOP 5 MOST EXPENSIVEO Malawi$27.41$13.032 mobile networks3 mobile networks $9.174+ mobile networks $5.25Benin$27.22O Chad$23.33$20Yemen$15.98SOURCE OZBotswana$13.87There is a 30,000% differencebetween the cheapest price fordata and most expensive.Canada's high cost for data canbe explained by its high marketconcentration. In 2018, Bell,Rogers and Telus collectivelyhad over 82% of all wirelessservice revenues.Yemen$15.98Cyprus$13.56SOURCE CRTCCuba$15$13.33Botswana$13.87Greece$12.06CanadaEswatini$12.552413.31EquatorialGuineaTurkmenistanSouth KoreePuerto Rico$12.78$1.44$10.94Madagascar$8.81$917$10Central AfricanSwitzerlandRepublic$8.25$8.38United States$8.00Czech RepublicPanama$795$6.69SyriaNew Zealand$6.55$6.06Trinidad and TobegoTaiwanPapua NewGuinea* * RNorway$5.28$5.92$5.91HungeryAngoleGambia$5.40$510Bolivia$5.29$5.32$5.09$5年)53$0Kyrgyastan$021Italy$043Ukraine$04Indierael$0.09sonTOP 5 LEAST EXPENSIVEThe low cost of data in Indiacan be explained by the country'sintense market competition.3 IndiaI Israel$0.09$0.11O Kyrgyzstan$0.21Data considers countries with a population above IM. All currency in USD.Some countries and territories also lack data around moble infrastructure, or present unreliable currency conversion() Italy$0.43Ukraine$0.46SOURCE: Cable.co.uk - Worldwide Mobile Data Pricing

The element that might lead to differences in prices of a product/service in different parts of the…

Answered: In looking at the distribution of…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Question

In looking at the distribution of countries in terms of the price of 1 gigabyte of mobile data, certain relationships seem to make more economic sense than others. From the following set, please identify that statement that provides a fundamentally wrong interpretation for the wide variation in the price of 1 gigabyte of MB of data worldwide

A) Countries with some to extensive fixed-line telecom infrastructure can offer mobile plans with more data at a cheaper price.

B) Low demand in a market typically leads to an increase in competing mobile providers, which in turn reduces the supply of product, and hence, lower the price to consumers.

C) Wealthier nations tend to charge more for mobile services since the population can generally afford to pay more.

D) Countries with minimal or no fixed-line telecom infrastructure must rely on more costly connections, such as satellites, and the higher cost typically gets passed to the consumer.

E) Operating a local network in wealthier countries costs more, given greater regulations and more expensive input, therefore resulting in higher prices for the consumer.