4 ms·
There would not be a monopoly if there was close substitutes.
by z3t4 6y ago
There would not be a monopoly if there was close substitutes.
- nanis 6y agoAt time t0, there may not be ... but the exercise of monopoly power incentivizes others to produce substitutes and consumers to seek them. > In addition to the radio relay services, MCI soon made plans to offer voice, computer information, and data communication services for business customers unable to afford AT&T's TELPAK service E.g. MCI vs AT&T[1] [1]: https://en.wikipedia.org/wiki/MCI_Communications#Founding https://en.wikipedia.org/wiki/MCI_Communications#Founding