Which of the Following Is Most Likely to Be a Monopoly

question 55

Multiple Choice

Which of the following is most likely to be a monopoly?

• A) local fast-food restaurant
• B) local electricity distributor
• C) local bathroom fixtures shop
• D) local television broadcaster

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Definitions:

Wealth Transfer

The movement of assets or capital from one person, sector, or generation to another, often used to describe changes in wealth due to inheritance or estate planning.

Technological Change

The process of innovation and development in technology that affects economies and societies.

Worldwide Trade

The exchange of goods, services, and capital between countries and regions across the globe.

Economic Change

Modifications or shifts in the structure or performance of an economy, which can affect employment, income distribution, and wealth.