Which statement is true?
A)Rival companies have captured about one-third of the $100 billion local phone market from local phone companies.
B)Local phone companies have complete monopolies over the market for local phone calls.
C)Some local phone companies have begun to compete with rival firms.
D)None of these statements are true.

Question

Quizplus · Accepted Answer

While it is not accurate to say that local phone companies have complete monopolies, it is also not true that rival companies have captured one-third of the market from them. However, some local phone companies have begun to compete with rival firms, making option C the correct statement.

Which Statement Is True