Multiple choice

Which of the following is a perfect example of monopoly under law in India?

  1. Sole cable operator in your area

  2. Basmati rice

  3. Indian railway

  4. Road transportation buses

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Indian railway is the perfect example of monopoly created by government. In monopoly created by government, only one firm exists and there is barrier to entry to the new firm. Sole cable operator in any area, basmati rice, buses on roads do not enjoy this privilege.