Which of the following firms is likely to have the greatest market power?
A)an electric company
B)a farmer
C)a grocery store
D)a local electronics retailer

Question

Quizplus · Accepted Answer

An electric company likely has the greatest market power because they have a monopoly over the production and distribution of electricity in a specific geographic area. This means they have the ability to set prices and control supply without facing competition from other firms. The other options listed are likely to face competition from other firms in the market, reducing their market power.

Which of the Following Firms Is Likely to Have the Greatest