Which of the following is an example of a firm with market power
A)a deli in Winnipeg
B)a bike rental company in Victoria
C)the Science Centre in Vancouver
D)a farmer in Quebec

Question

Quizplus · Accepted Answer

The Science Centre in Vancouver has market power as it is the only provider of a unique service in the area, which is interactive science education and exhibits. The deli, bike rental company, and farmer in Quebec may have a degree of market power within their respective markets, but not to the extent of the Science Centre.

Which of the Following Is an Example of a Firm