Public utilities are often referred to as
A) sole proprietorships.
B) monopolistic competitors.
C) monopolies.
D) oligopolies.
E) socialistic.

Question

Quizplus · Accepted Answer

Public utilities are often monopolies, meaning they are the only provider of a certain service or product in a given area. This is often due to high barriers to entry, such as the need for extensive infrastructure or government licensing requirements, which prevent other competitors from entering the market.

Public Utilities Are Often Referred to as