ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Taco Bell
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National Hockey League (NHL)
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Lucky Brand Jeans
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Holiday Inn
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Detailed explanation-1: -National Hockey League. ◊ The NHL is the major professional league for ice hockey in the U.S. and Canada.
Detailed explanation-2: -Examples of a natural monopoly are electricity and water, as competitors would have to establish their own country spanning system of pipes or wires.
Detailed explanation-3: -At its inception, the NHL had four teams, all in Canada, thus the adjective “National” in the league’s name. The league expanded to the United States in 1924, when the Boston Bruins joined, and has since consisted of both American and Canadian teams.
Detailed explanation-4: -Monopoly Example #1 – Railways. Monopoly Example #2 – Luxottica. Monopoly Example #3-Microsoft. Monopoly Example #4 – AB InBev. Monopoly Example #5 – Google. Monopoly Example #6 – Patents. Monopoly Example #7 – AT&T. Monopoly Example #8 – Facebook.