Which of the following markets is most likely to be a monopoly?
A)Agricultural commodities
B)Lifestyle gadgets
C)Airlines
D)Electricity supply
E)Sports utility vehicles

Question

Quizplus · Accepted Answer

Electricity supply is most likely to be a monopoly because it often involves significant infrastructure and regulatory barriers that prevent new competitors from entering the market easily. This leads to a single or very few companies controlling the entire supply within a region.

Which of the Following Markets Is Most Likely to Be