Which of the following is most likely to be a monopoly?
A. local fast-food restaurant
B. local electricity distributor
C. local bathroom fixtures shop
D. local television broadcaster
Answer:B
Which of the following is most likely to be a monopoly?
A. local fast-food restaurant B. local electricity distributor C. local bathroom fixtures shop D. local television broadcaster
Explanation: 12. Which of the following will present the least amount of concern to a firm that has a monopoly over a particular industry?