Related to the Economics in Practice on page 273: In most areas, Internet service providers (ISPs)
A) are perfectly competitive.
B) are not regulated by the government.
C) are monopolies with respect to connection to individual households.
D) have little market power.

Question

Quizplus · Accepted Answer

In most areas, ISPs are considered monopolies with respect to connection to individual households. This is because there are often only one or a few providers in a given area, and switching costs can be high for consumers. Additionally, ISPs often own the physical infrastructure necessary for internet connection, further strengthening their monopolistic power.

Related to the Economics in Practice on Page 273: in Most