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Alina [70]
3 years ago
9

Is the cell phone industry a natural monopoly or oligopoly?

Social Studies
1 answer:
Luden [163]3 years ago
3 0
Oligopoly. there are several major players, and for a new player to enter the market would require huge financial resources. A monopoly is when a single company owns the entire market, i.e., Apple on smart phones the year iPhone was released.
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