Answered: Which of the following is least like…

Which of the following is least like monopoly? Sony Corporation A natural gas utility company A cable tv company An electric utility company

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following is least like monopoly?

Sony Corporation
A natural gas utility company
A cable tv company
An electric utility company

Definition Definition Market structure in which a single company dominates the entire industry. In a monopoly market, there are no close substitutes for the goods and services offered by the monopoly.

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