There are thousands of broadband internet providers in the country, while in a particular city the only way you can get it is through the phone, the cable company, and through DIRECTV. The best model to analyze this market is

Question

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Oligopoly is the best model to analyze this market because there are only a few dominant players (phone company, cable company, and DIRECTV) who control a significant portion of the market. This situation leads to intense competition between these companies, especially in terms of pricing and service quality. Additionally, oligopolies often engage in strategic behavior such as price collusion or non-price competition to maintain their market shares. Therefore, an oligopolistic model provides the most accurate representation of the broadband internet provider market in this particular city.

There Are Thousands of Broadband Internet Providers in the Country