HARWELL, Chief Justice:
This is a declaratory judgment action in which the Court of Appeals held that a cable television company's contract to become the exclusive provider of cable service to a residential development effectively created a monopoly, thereby inhibiting competition in violation of section 601 of the Federal Cable Communications Policy Act of 1984, 47 U.S.C. § 521 (1991). Timberlake Plantation Co. v. County of Lexington, ___ S.C. ___,
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