Sc Business Data Communications and Networking, Thirteenth Edition Student Choice Print on Demand
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Chapter 1, Problem 2E
Program Plan Intro

Monopoly in telecommunication:

  • Monopoly in telecommunication is a widespread state in the communication industry in which a particular product is provided by a single vendor, who typically does not have any competition from other vendors.
  • Generally, a telecom monopoly will sell exclusively designed well-accepted telecom product to its customers.
  • An example for telecommunication monopoly is “American Telephone and Telegraph (AT&T)” company.

Open competition in telecommunication:

  • Open competition telecommunication is a state in which many small organizations manufacture and provide the same telecom product to the end user.
  • Generally, small organizations cannot influence the market price of the telecom product.

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