Many communities have granted monopoly rights to cable companies. How have these monopolies been created?
A) through government licensing
B) through smart business practices by entrepreneurs
C) through patent protection
D) through ownership of the cable resources

Question

Quizplus · Accepted Answer

Cable company monopolies have typically been created through government licensing. This means that the government grants exclusive rights to operate cable services in a particular area to a single company, thereby preventing competition from other providers. This has been a controversial issue in many communities, with some arguing that it results in higher prices and poorer service quality for consumers.

Many Communities Have Granted Monopoly Rights to Cable Companies