After you have studied Economics in the News on pp. 360–361, answer the following questionsa. What are the strategies of T-Mobile and AT&T in the market for cellphone service?b. Why, according to the news article, is it that AT&T and T-Mobile are in a fierce battle?c. Why wouldn’t AT&T stick with its high price and leave T-Mobile to incur the cost of offering higher-valued plans?d. Could T-Mobile do something that would make it the market leader? Would that action maximize T-Mobile’s profit?
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