Business College

A large cable company is the only provider of cable TV and Internet for a small community. As a result, consumers in the community who want either of these services must purchase from this company.

In which of the following economic markets is the cable company operating?

Answers

Answer 1

Due to the fact that the firm is the only one that is operating in the community, the economic markets operated here is monopolistic.

What is a monopolistic market?

This is a type of market that has only one company that is in charge of offering products or services to the public.

The market here is a cable tv and internet company that provides services to the community.

Read more on monopolistic competition here: https://brainly.com/question/25717627

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