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

Question

Quizplus · Accepted Answer

The local water company is most likely to be a monopoly because it typically operates as a single provider of water services in a specific area, often due to high infrastructure costs and regulatory reasons.

Which of the Following Firms Is Most Likely to Be