Ethics Cable companies are essentially monopoliescustomers have little, if any, choice in products available to them. Packaged
Question:
Ethics Cable companies are essentially monopolies—customers have little, if any, choice in products available to them. Packaged plans and bundles contain features that consumers do not want, yet they have to buy the entire package to get the channels and programs they do want.
This bundling raises costs for consumers. Satellite and other providers of similar services have the same bundling plans. To maintain profitability, these communications providers may also charge fees to replace obsolete equipment and repair it or sell costly service contracts. Do you think these business practices are ethical? How can consumers fight back? What can the government do to help protect citizens from these predatory practices?
Step by Step Answer:
Managing Your Personal Finances
ISBN: 9781305076815
7th Edition
Authors: Joan S. Ryan, Christie Ryan