Local telephone service was once an area in which consumers had no choices. Many young people no longer use landlines, preferring instead to use their

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Local telephone service was once an area in which consumers had no choices. Many young people no longer use “landlines,” preferring instead to use their cellular phones. This means that the market has moved toward

a. Monopoly.

b. Oligopoly.

c. Perfect competition.

d. Monopsony.