A local utilities company might be a monopolist.

Name: A local utilities company might be a monopolist.
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

A local utilities company may have exclusive control over the provision of essential services such as water, electricity, or gas to a particular area or region. This gives them a significant amount of market power, allowing them to act as a monopolist. However, it is important to note that local utilities may also be regulated by the government to ensure fair pricing and quality of services.

A Local Utilities Company Might Be a Monopolist