Why is comcast a oligopoly?

Answer 1

Comcast operates as an oligopoly because it is one of the few dominant providers in the telecommunications and cable industry, alongside a limited number of competitors. This market structure allows Comcast to exert significant control over pricing and service offerings, as customers often have little choice in their providers. Barriers to entry, such as high infrastructure costs and regulatory challenges, further entrench its position. Consequently, consumer options are limited, and competition is muted, typical characteristics of an oligopolistic market.