Question

in a small town, there are two providers of broadband internet access: a cable company and the phone company. the internet access offered by both providers is of the same speed.

Answer 1

No, the markets is not competitive because there are not many sellers, and as such, the two providers will be able to dominate the market.

What is competitiveness in the market?

A competitive market is known to be a kind of a structure where there is nothing like a single consumer or producer that has the power to make changes to the market.

Note that the response to supply and demand tend to change with the supply curve.

Therefore, my response is No, the markets is not competitive because there are not many sellers, and as such, the two providers will be able to dominate the market.

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Are these markets competitive?

1. In a small town, there are two providers of broadband Internet access: a cable company and the phone company. The Internet access offered by both providers is of the same speed.