Is the cell phone industry a natural monopoly or oligopoly?

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asked Jun 11, 2017 179k views

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Tehvan · Answer 1 · 2017-06-15T12:26:47+0000

Oligopoly. there are several major players, and for a new player to enter the market would require huge financial resources. A monopoly is when a single company owns the entire market, i.e., Apple on smart phones the year iPhone was released.

Is the cell phone industry a natural monopoly or oligopoly?

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