The Government Often Allows Only One Company to Provide Electricity

question 39

Multiple Choice

The government often allows only one company to provide electricity in a given geographic area because allowing several companies to do so would result in an inefficient duplication of infrastructure.What does this suggest about electric utilities?

• A)they are natural monopolies
• B)they are oligopolies
• C)they are duopolies
• D)they are pure players

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Definitions:

Media Publicity

The act of gaining attention and awareness through media coverage without direct payment, often for promotional purposes.

Organizational Culture

Organizational culture encompasses the shared values, beliefs, norms, and practices that shape the social and psychological environment of a workplace, influencing employees' behaviors and attitudes.

Public Relations (PR)

A field focused on fostering a positive image and maintaining a beneficial relationship between an organization and its audience.

Corporate Publicity

The actions taken by a company to garner attention and create a favorable public image for itself or its products.