Which pricing constraint does the following statement demonstrate: "Most public utilities must petition regulatory commissions in order to obtain a rate increase."?
A)demand for the product,class,or brand
B)newness of product in the life cycle
C)costs of production
D)type of competitive market
E)single product versus a product line

Question

Quizplus · Accepted Answer

Public utilities operate in a regulated monopoly market, which is a type of competitive market where prices are controlled by regulatory commissions.

Which Pricing Constraint Does the Following Statement Demonstrate: "Most Public