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

Question

Quizplus · Accepted Answer

Local electricity distributors often operate as monopolies because they provide a service that requires extensive infrastructure, making it impractical for multiple companies to build competing networks. This leads to a situation where only one provider is available to consumers in a given area.

Which of the Following Is Most Likely to Be a Monopoly