Media, Telecommunications, and Business Strategy
business
Description
Assignment 6
*** Remember to write AT LEAST one full paragraph for each question *** *** DO NOT copy
from the text or any other source, use your own words ***
1. What is a natural monopoly and explain why they might exist in the telephone industry. Cite
an example.
2. What does it mean for telephone service to be ‘elastic’ as defined in the text?
3. What are the strengths of public utilities, such as the telephone system in the US? What are
the weaknesses of the same?
4. What is the principal of universal service? How is it paid for?
5. Has telephone deregulation worked efficiently and effectively in the US?
6. What caused the breakup of the single telephone company in the US and what were its
consequences? Was this a good thing or a bad thing?
