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Keegan's wireless bill continues to increase with the price of her new phone, data charges, and long-term contract. In her
Keegan's wireless bill continues to increase with the price of her new phone, data charges, and long-term contract. In hergeographical region, there are few choices in wireless carriers and monthly costs are very similar. What kind of competition
exists here?
Multiple Choice
monopolistic competition
Oolligopolistic competition
limited competition
perfect competition
Final answer:The competition that exists here is oligopolistic competition due to the limited choices and similarity in monthly costs of wireless carriers in Keegan's region.Explanation:In this scenario, the type of competition that exists isoligopolistic competition.Oligopolistic competition refers to a market structure in which there are only a few large companies dominating the industry. In Keegan's geographical region, the limited choices in wireless carriers and the similarity in monthly costs indicate the presence of a few dominant players in the wireless market.These dominant wireless carriers have the power to set prices and control the market, which explains why the prices of Keegan's wireless bill continue to increase as a result of the price of her new phone, data charges, and long-term contract.Learn more about Oligopolistic competition in the wireless market here:brainly.com/question/34531994...