______________ is most likely be a monopoly.a.An appliance storeb.A supermarketc.An electricity providerd.A dentist's officeClear my choice
Question
______________ is most likely be a monopoly.a.An appliance storeb.A supermarketc.An electricity providerd.A dentist's officeClear my choice
Solution
The answer is c. An electricity provider.
Here's why:
a. An appliance store - There are usually multiple appliance stores in a given area, each selling similar products from various brands. This competition prevents any one store from becoming a monopoly.
b. A supermarket - Similar to the appliance store, there are usually multiple supermarkets in a given area, each selling a wide variety of products. This competition prevents any one supermarket from becoming a monopoly.
c. An electricity provider - In many regions, there is only one company that provides electricity. This lack of competition allows the company to become a monopoly.
d. A dentist's office - There are usually multiple dentists in a given area, each offering similar services. This competition prevents any one dentist's office from becoming a monopoly.
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