This type of firm would likely operate as a monopoly
A) one of many U.S. wheat farmers.
B) one of the few U.S. auto makers.
C) AT&T long distance phone service.
D) the local water company.

Question

Quizplus · Accepted Answer

The local water company is likely to operate as a monopoly because it typically has exclusive control over water supply in a specific area, with no competition due to high infrastructure costs and regulatory barriers.

This Type of Firm Would Likely Operate as a Monopoly