Which of the following firms is most likely to be a monopoly?
A) local restaurant
B) local distributor of natural gas
C) local book store
D) clothing store
E) local bank

Question

Quizplus · Accepted Answer

A local distributor of natural gas is more likely to be a monopoly as natural gas distribution requires significant infrastructure and investment, making it difficult for other firms to enter the market. Local restaurants, bookstores, clothing stores, and banks are all more vulnerable to competition and are therefore less likely to be monopolies.

Which of the Following Firms Is Most Likely to Be