Which of the Following Is an Example of a Natural

question 280

Multiple Choice

Which of the following is an example of a natural monopoly?

• A) the Pittsburgh Penguins hockey team, a National Hockey League team
• B) Ford Motors, the large automobile producing company
• C) Florida Power and Light, an electric utility in Florida
• D) Sony, the Japanese producer of the Playstation III
• E) JCPenney, the large department store chain

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Definitions:

Benefit

The advantage or positive outcome gained from an action, investment, or decision.

Public Entertainment

Activities, performances, or shows that are intended to provide enjoyment and relaxation to the general public.

Dominant Strategy

In game theory, a strategy that is the best choice for a player, regardless of the strategies chosen by other players.

Wealth

The abundance of valuable resources or material possessions, or the control over such assets.