1.   However, in monopoly markets X-inefficiency could arise, because of the absence of competitive discipline.

2.   Baby Bells could enter the long-distance market once they show their monopoly local markets are now open to competition.

3.   After the Bell companies have opened their monopoly markets to competition, the FCC is to stop regulating the charges altogether.

4.   But competitive markets create jobs much faster than heavily regulated monopoly markets.

5.   But its capital cost was so huge that the cost of its power may not be competitive once monopoly markets are thrown open to new competitors.

6.   Nynex and other local phone companies are looking abroad for future growth as they face American rivals in their once regulated, monopoly local markets.

7.   Polimark, which took advantage of the monopoly market at home created by the sanctions, faces competition from European and American companies that can now come back.

8.   Telecommunications overhaul legislation last year required the new rules as monopoly local phone markets and networks open up.

9.   The new law directed the agency to hammer out details of how to open up long-time monopoly local telephone markets and networks.

10.   Those profits, combined with the growth prospects in Fort Worth and the monopoly market in Kansas City, added to the value of the papers, analysts said.