Question

There is often only one provider of cable television services in each region of the country: Time Warner is in New York, Comcast is in most of New England, and so forth. When Comcast recently proposed a plan to buy Time Warner, the purchase ultimately could not be completed, mostly due to concerns that it would have caused Comcast to become an overly large ________with too much power.

Answer 1

Answer:

monopolist

Explanation:

Monopolistic competition is a kind of imperfect competition in which specific person or enterprise is the only supplier of a particular commodity.

A monopolist is not very much concerned about the product as customers have no alternatives but to buy that product.

Also, he can change the price or quantity of the product as in an industry he is a single seller .

In the given question, it's given that There is often only one provider of cable television services in each region of the country: Time Warner is in New York, Comcast is in most of New England, and so forth.

So, it would have caused Comcast to become an overly large monopolist with too much power if it buys Time Warner.