Question

Write 2 to 3 paragraphs on whether or not you believe that these mergers and acquisitions point towards good or bad for the public.? What do you think about the consolidation of the number of companies that are controlling our access to the internet and the possible offering of competitive pricing? For a specific area, do you think that telecom service choices (phone, internet, television, etc) are growing or shrinking?

Answer 1

Consolidation of the number of companies that are controlling our access to the internet point towards the bad for the public. This is because consolidation of such companies would give rise to monopolistic tendencies in the market and thus lead to high prices and low quantity supplied. This would be bad for the company as high prices would reduce consumer surplus and harm the public by exploiting them.

Telecom service choices are growing as the need for such services is growing. Increased demand for such services to keep people all over the world connected leads to the growing trend of telecom services.