When the patent on Alexander Graham Bell’s revolutionary invention, the telephone, expired in 1894 thousands of new firms entered the telecommunication industry. Among them were a collection of profitable companies that merged to form what would later become known as The Bell System. The Bell System had amassed such weight in the industry that in 1933, when Congress passed a law declaring phone service a public utility, the Bell System quickly transformed into a monopoly. Lawmakers enthusiastic supported a series of provisions intended to stimulate competition. Appointed as the nation’s sole provider of telecommunication services, widespread criticism about the Bell System began to surface.
The Federal Communications Act has so far been highly effective and the industry has grown tremendously as a result. In fact, for the past three years, the profitability of the largest three telecommunication companies has been greater than the largest three automotive companies. The number of calls provided by the top three companies range from five billion to six billion per day. Today, virtually everyone has made a phone call over the course of their lives. Most people do not know, however, that payment for swaths of electromagnetic wavelengths have become commonplace.
One explanation for such high call volume and large profits is that calls are becoming much less expensive for companies to provide, regardless for many large fixed expenses such as communication towers, base stations, and paying for utility poles. Over the last century, telephones had become an important part of modern society. In fact, the cost of delivering one telephone call today is about a thousandth of the cost in the 1950s. The increasing affordability and abundance of phone calls mark the progress made since the time of Alexander Graham Bell and the Bell System.
Choose the answer that best corrects the underlined portion of the passage. If the underlined portion is correct as written, choose "NO CHANGE."