Which of the Following Firms Is Most Likely to Be

question 145

Multiple Choice

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

• A) local restaurant
• B) local distributor of natural gas
• C) local book store
• D) clothing store
• E) local bank

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Definitions:

Workers

Individuals engaged in some form of employment, contributing labor or expertise in exchange for compensation.

Expectancy Theory

A motivational theory suggesting that individuals decide how to behave based on their expectations that the effort will lead to a certain outcome and the value of that outcome to them.

Research Follow-up

The process of collecting additional information or data after an initial investigation to clarify results or answer new questions.

Practical

Focused on or concerned with the actual doing or use of something rather than with theory and ideas.