AT&T, Verizon, Sprint, and T-Mobile serve more than 95 percent of the subscribers in the U.S. wireless mobile phone market. Which form of competition characterizes this market?
A) pure competition
B) limited competition
C) a monopoly
D) an oligopoly
E) monopolistic competition

Question

Quizplus · Accepted Answer

The U.S. wireless mobile phone market is characterized by an oligopoly because it is dominated by a few large firms (AT&T, Verizon, Sprint, and T-Mobile) that control the majority of the market share.

AT&T, Verizon, Sprint, and T-Mobile Serve More Than 95 Percent