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JAMB Commerce 1998 Question 5

Question 5

Government and Business

Services which are of absolute monopoly can best be provided by

  1. A.private companies
  2. B.limited liability companies
  3. C.public companies
  4. D.public enterprises.
Show the answer and explanation

Answer: D (public enterprises.)

Explanation

Essential services that should be a single supplier (e.g. electricity, rail) are best run by government as public enterprises.