What U.S. Monopoly was Broken into Seven Regional Companies in the 1980s? Correct
Автор: How Convert
Загружено: 2025-12-27
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What U.S. Monopoly was Broken into Seven Regional Companies in the 1980s? Correct
The U.S. monopoly that was broken into seven regional companies in the 1980s was AT&T. While U.S. Steel, Standard Oil, and General Electric are major corporations with significant historical and industrial impacts, it was AT&T that underwent a landmark divestiture in the 1980s. As a result of an antitrust lawsuit, AT&T, the American Telephone and Telegraph Company, was compelled to restructure its operations, leading to the breakup of the telecommunications giant into seven independent regional companies known as the Baby Bells. This move aimed to promote competition and innovation in the telecommunications industry by decentralizing AT&T's dominance and fostering a more diverse and competitive market landscape.
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