Which of the following would be most likely to have monopoly power?
A)a national florist
B)an online bookstore
C)a local restaurant
D)a local electrical cooperative

Question

Quizplus · Accepted Answer

A local electrical cooperative is the most likely to have monopoly power as they often hold exclusive rights to provide electricity in a particular area through government regulation. This makes it difficult for other companies to enter the market and compete, giving the cooperative significant market power. The other options are less likely to have monopoly power as there are likely to be other similar businesses in the market.

Which of the Following Would Be Most Likely to Have