Which of the following cases is the best example of a “natural monopoly”?
A. Kodak Corporation (producers of instant film developing products)
B. Progress Energy Power Company (suppliers of electric power in most of North Carolina)
C. Alcoholic Beverage Control (ABC stores) in North Carolina
D. GPU consolidated mines of South Asia
Answer: B. Progress Energy Power Company (suppliers of electric power in most of North Carolina)
You might also like to view...
Self-managed work teams are teams in which members are empowered and have: (Choose all that apply.)
A. decreased levels of autonomy. B. the autonomy to complete identifiable pieces of work. C. less complex tasks to undertake. D. the responsibility to complete identifiable pieces of work.
In a _ merger, two firms that heretofore have been competitors in the same line of business combine
a. conglomerate b. vertical c. diagonal d. horizontal