Question

Question 4 (Mandatory) (1 point) Saved From the following list of statements, which one is FALSE? In Canada, the federal government and the CRTC try to balance competition in the mobile telephony sector. However, there is hardly any competition in the industry at this moment. The federal government has studied the possibility of facilitating the entry of foreign companies, such as Verizon, into Canada in order to rebalance competition in the country After opening a number of stores in Canada, Verizon abruptly walked away from the Canadian market as a result of the strongly negative reaction from companies such as Bell and Rogers An oligopoly rules the Canadian wireless market

Answer 1

There is an oligopoly which is consisting of Bell and Rogers in Canadian wireless market, and that restricted the entry of Verizon into Canadian market.

The Federal Government and CRTC are trying to balance competition in the mobile telephony isector as there is an oligopoly and there is competition visible in the industry as it is controlled by a few large firms and it is majorly competed by them.

Correct answer is option (A).