A public franchise
A)is a corporation that is owned by stockholders.
B)results from ownership of a key raw material.
C)is a government designation that a private firm is the only legal producer of a good or service.
D)is an unregulated monopoly necessary for the public good.

Question

Quizplus · Accepted Answer

A public franchise is a government designation that grants a private firm the exclusive right to produce or sell a particular good or service in a given area. It is a form of regulated monopoly that is created for the public benefit, such as providing essential services like water, electricity, or transportation. It differs from a private franchise in that a public franchise is granted by the government, while a private franchise is a contract between two parties.

A Public Franchise