There is often only one provider of cable television services in each region of the country: Time Warner is in New York, Comcast is in most of New England, and so forth. When Comcast proposed a plan to buy Time Warner, the purchase ultimately could not be completed, mostly due to concerns that it would have caused Comcast to become an overly large ________ with too much power.
A)monopolist
B)oliogopolist
C)pure competitor
D)predator
E)icon

Question

Quizplus · Accepted Answer

A monopolist is a company that has complete control over a market, with no competition. If Comcast were to acquire Time Warner, it could become a monopolist in the cable television industry, which would lead to concerns about anti-competitive behavior and consumer harm.

There Is Often Only One Provider of Cable Television Services