Which of the following is most likely to be a monopoly?
A) Ford, an auto manufacturer
B) Verizon, a wireless service provider
C) The Washington Post newspaper
D) a public water utility

Question

Quizplus · Accepted Answer

A public water utility is most likely to be a monopoly because it is a natural monopoly, meaning it is more efficient for one company to provide the service rather than multiple companies. Ford and Verizon have competitors in their industries, and The Washington Post competes with other newspapers and media outlets.

Which of the Following Is Most Likely to Be a Monopoly