Which of the following firms is likely to have the greatest market power?
A)A utility company
B)A farmer
C)A grocery store
D)A local electronics retailer

Name: Which of the following firms is likely to have the greatest market power? A)A utility company B)A farmer C)A grocery store D)A local electronics retailer
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Utility companies often operate as monopolies within their regions, giving them significant market power as consumers have few, if any, alternatives for their services.

Which of the Following Firms Is Likely to Have the Greatest