Local cable TV companies frequently are monopolists.

Name: Local cable TV companies frequently are monopolists.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Local cable TV companies often have exclusive franchises from local governments, which means that no other cable TV company can operate in their service area. This creates a monopoly in the market, where consumers have no other options to choose from. However, there are some areas where multiple cable TV providers may exist, and in those cases, the answer would be false.

Local Cable TV Companies Frequently Are Monopolists