Which of the following would be most likely to have monopoly power?
A)A long-distance telephone service provider
B)A local cable TV provider
C)A large department store
D)A gas station

Question

Quizplus · Accepted Answer

A local cable TV provider is most likely to have monopoly power because they are often the only provider in a specific geographic area, known as a "cable franchise." The other options (long-distance telephone service provider, a large department store, and a gas station) are in industries with multiple competitors and are less likely to have monopoly power.

Which of the Following Would Be Most Likely to Have