Answered

Imagine that there are currently three major cell phone service providers available in the united states. the largest one has enough money to buy out the other two companies and make one giant company. what is most likely to happen if the largest company attempts to buy out the other two companies? a. the government will approve this monopoly. b. customers will have more choice in their service provider. c. the new, large company can control all prices and services provided. d. osha will step in and make sure that this merger is not approved.

Answer :

JAQUELINEFVRGO

Analyzing the scenario, the new and the large company can control all prices and services provided, generating a monopoly situation.

What is monopoly?

It is a market situation where a company controls the market, being the entity responsible for establishing the price for a good or service, characterizing a situation of imperfect competition.

Therefore, in the monopoly market, consumers are harmed because they do not have the right to choose which products or services they want to consume, in addition to the fact that the price charged may be higher in a situation of perfect competition.

Find out more about monopoly here:

https://brainly.com/question/13113415

#SPJ1

Go Question: Other Questions