Statement I.Under the Telecommunications Act of 1996,regulators in many states are forcing the Bells to lower wholesale rates for local service.
Statement II.The local phone companies may be losing their monopolies.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

Statement I is true as the Telecommunications Act of 1996 indeed requires the Bells to lower wholesale rates for local service. Statement II is also true as the Act aimed to promote competition and reduce monopolies in the telecommunications industry, which could lead to the local phone companies losing their monopolies in some areas. Therefore, both statements are true.