%u3000 Cell phone providers are offering no contract plans. For example ,T-mobil

Question

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Cell phone providers are offering no contract plans. For example ,T-mobile "plexpay"plans allow users to buy monthly servise , boost mobiles no contarct olan has unlimited use, and virgin mobiles plan has unlimited calling for 49.99 a month. all providers are catively marketing their no contract plans.

QUESTION 1

cell -phone plans are sold in a ------- market ?

A. MONOPLISTIC

B.OLIGOPOLISTIC

C.DISCRIMINATING

D.PERFECTLY COMPETITIVE

E.MONOPOLISTIC COPETITIVE.

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QUESTION 2

The charactersitic of the ell phone plan market are-----------

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A . A smaller number of frims competing by making similiar but slighly different products.

B. large number of frims cometing by making similiar but slighly different products with no single frim dicating market condition.

C. A LARGE NUMBER OF FRIMS COPETING BY MAKING SIMILIAR BUT SLIGHTLY DIFFERENT PRODUCTS WITH BARRIERS TO ENTRY THAT PREVENT THE ENTRY OF NEW FRIMS.

D . A SINGLE FRIM WITH NO CLOSE SUBSTUTUTES AND A BARRIER TO ENTRY

E.. MANY FRIMS SELLING A INDENTICAL PRODUCT TO MANY BUYERS

Explanation / Answer

1) A. MONOPLISTIC

2) B. large number of frims cometing by making similiar but slighly different products with no single frim dicating market condition.

A monopolistic market favors companies to the detriment of consumers. The market, in this case, is usually defined as a stock market sector such as telecommunications or media firms, where this type of market behavior is likely to be found.

There are several groups and trade organizations, such as the FCC, WTO and EU governing council, that ensure that monopolistic markets do not form and also create legal ramifications for companies that pursue market-cornering policies. The Microsoft antitrust trials of the late '90s show that the markets are still fighting against monopolistic behavior, even today

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