Which of the following firms is most likely to be a monopoly?
A) A local restaurant
B) A local pharmacy
C) The local water company
D) A clothing store

Name: Which of the following firms is most likely to be a monopoly? A) A local restaurant B) A local pharmacy C) The local water company D) A clothing store
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Question

Quizplus · Accepted Answer

The local water company is most likely to be a monopoly because it typically has exclusive rights to supply water in a certain area, facing no competition.

Which of the Following Firms Is Most Likely to Be