Under the terms of the trade agreement CAFTA-DR, the state-run telephone system in Costa Rica was opened up for competition. Now four main companies dominate the telecommunications industry for mobile phones and Internet. The telecommunications industry in Costa Rica went from being a(n) ___________ to a(n) _______________.

Question

Quizplus · Accepted Answer

Before the implementation of CAFTA-DR, the Costa Rican state-run telephone system had a monopoly. After the agreement, four main companies dominate the market, creating an oligopoly in the telecommunications industry.

Under the Terms of the Trade Agreement CAFTA-DR, the State-Run