Sep 25, 13 •
442 Views •
Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic Debates, Economic History, Economic Thinkers, Environment, Government, Households, Innovation, Tech, Thinking Economically •
Elaine Schwartz •
Can we compare the original AT&T and the electric power industry? Until 1982, AT&T had a phone system monopoly. Not even imagined, cell phones did not exist. Instead almost everyone received phone service from one company. Called a natural monopoly,
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