Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s).
-Recall the Application. After the merger of Sirius Satellite Radio and XM Satellite Radio, the new firm, Sirius XM, would be classified as a

Question

Quizplus · Accepted Answer

Sirius XM would be classified as a natural monopoly because, after the merger, it became the sole provider of satellite radio services, indicating a market condition where a single firm can supply a product or service more efficiently than multiple firms could, due to high fixed costs and significant economies of scale.

Recall the Application About the Merger of Sirius Satellite Radio