Transformation of Long Distance Phone Services
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The long distance telephone services market in the United States is an example of a monopoly which became an oligopoly, and which is now undergoing additional transformation. Until 1984, American Telephone & Telegraph (AT&T) enjoyed a monopoly on long distance telephone service and most local telephone service in the United States. AT&T argued that it had invested large amounts of capital to build one of the most advanced telecommunications networks in the world, and to open the market to competition would be to give new entrants unfair advantage since they did not have to support the research and development that AT&T had taken on previously. However, in 1984, under a suit brought some years earlier by MCI Communications, AT&T was broken up into eight companies: AT&T kept its name and its long distance service as well as Bell Labs, which manufactures equipment. In addition, seven regional Bell operating companies (RBOCs) were created to provide local telephone service.MCI Communications wasted no time in taking full advantage of the breakup of AT&T; it entered the long-distance carrier
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Approximate Word count = 740
Approximate Pages = 3 (250 words per page)
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