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4. Before deregulation of the telephone industry, a. the marginal cost of a telephone call was very high. b. there was no market demand for
4. Before deregulation of the telephone industry, a. the marginal cost of a telephone call was very high. b. there was no market demand for local phone calls. c. the volume of long-distance phone use was lower than after deregulation. d. cutthroat competition eliminated profits
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