Economics question?

[asdfgh]

Which of the following would NOT apply to the U.S. industries of air travel, long-distance telephone communication, and cable TV?




A. These industries were considered to be local natural monopolies in the distant past.

B. Local governments tended to regulate these industries in the 1970s and 1980s.

C. Recently, these industries have been deregulated or are moving toward deregulation.

D. Prices of the commodities in question tended to fall after deregulation.

E. Deregulation resulted in a few firms with enough market power that the quantity purchased fell substantially after deregulation.

[Ryan J]

I would have to say this A). There are fewer firms today in the marketplace in these fields and after deregulation have moved towards greater centralized market control. Also, distant past is fairly vague and these companies have become stronger monoplolies in the fairly recent past and continue to be that way. Hope that helps!