denise works for a cell phone company that provides almost 50% of wireless service in the country, and only 3 other companies are competing with them for customers. what degree of competition describes the wireless industry? group of answer choices

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21-10-2022
Business

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denise works for a cell phone company that provides almost 50% of wireless service in the country, and only 3 other companies are competing with them for customers. what degree of competition describes the wireless industry? group of answer choices

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ammaramalik1503 ammaramalik1503 · Answer 1 · 2022-10-30T08:32:55-04:00

Answer:

The degree of competition that describes the wireless industry is oligopolies.

Explanation:

Telecommunication services lie under oligopolies. Oligopolies are basically a degree of competition that contains a small number of sellers, offering the same service. This results in small competition and one can dominate the industry easily.

Just like as Denise works for a cell phone company that provides 50% of wireless service in the country and only has 3 competitors in the market offering the same wireless service. Thus it lies under the characteristic of oligopolies.

You can learn more about oligopolies from :

https://brainly.com/question/14285126

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