For many years,there was only one long-distance telephone company in the United States-the American Telephone and Telegraph Company.This company was an example of a(n)

Question

Quizplus · Accepted Answer

The American Telephone and Telegraph Company being the only company in the market signifies a monopoly, where it has complete control over the supply of the service and can dictate prices.

For Many Years,there Was Only One Long-Distance Telephone Company in the United