Question

You read the Electricity City Utility Company has problems. Its headquarters had an expansive retaining wall collapse during a flood last week. This led to toxic coal ash flows that buried homes and even caused a few fatalities. An editorial claims that the company will not be held accountable to the same standards as the asbestos companies that paid severe fines and even went out of business due to their lack of attention to environmental clean-up. You agree with the writer because you recently studied about the various competitive markets and utility companies clearly fall under monopolistic competition.a. trueb. false

Answer 1

Answer:

The answer is False

Explanation:

Utility companies are either monopoly (if only one firm caters a locality) or oligopoly (if there are a few large utility firms operating in a locality). They do not operate in monopolistic competitive market.