Local telephone service was once an area in which consumers had no choices. Many young people no longer use "land lines" preferring instead to use their cellular phones. This means that the market has moved toward

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The fact that many consumers no longer use land lines and instead opt for cellular phones indicates a shift in the market towards an oligopoly where a few companies (such as AT&T, Verizon, and T-Mobile) dominate the market for cell phone service. While local telephone service was once a monopoly, the rise of cell phones has created more competition in the overall telecommunications industry.

Local Telephone Service Was Once an Area in Which Consumers