When consumers have no choice but to buy from one firm (local utility, etc.):
A) they usually end up paying too much for the good or service.
B) government regulation is usually used to protect consumers.
C) they will always get the good or service at the lowest price available.
D) None of these occur.

Question

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The Answer of When consumers have no choice but to buy from one firm (local utility, etc.):
A) they usually end up paying too much for the good or service.
B) government regulation is usually used to protect consumers.
C) they will always get the good or service at the lowest price available.
D) None of these occur.

When Consumers Have No Choice but to Buy from One