Question

What exactly makes Mediacom and Comcast Monopolies? I understand that they are under the control of the government and, by definition, they do not have any competition. But what is the market they are dominating, that competition doesn't have a chance fighting against? I ask this because when I think Comcast, I'm thinking a bundle of Wifi, TV, and home phone. Yet I do believe a company like Charter does something similar.

Answer 1

For any company to act as a monopoly need to achieve heterogeniety in their product to ensure there is no competition in the market they cater to . The decision making depends upon the MR and AR , as they are the sole leaders in the market making them exclusive supplier in the industry , mediacast is ranked top in terms of media resource available out of united states with its effective SEO tactics. It has extensive media spread with high audience engagement necessary to build monopoly. The price sensitivity and customer engagement could define the market structure in this case