Commerce JAMB

Services which are of absolute monopoly can best be provided by?

A. private companies
B. limited liability
C. public companies
D. public enterprises

Correct Answer:

Option D – public enterprises

Explanation

Public enterprise, a business organization wholly or partly owned by the state and controlled through a public authority. Some public enterprises are placed under public ownership because, for social reasons, it is thought the service or product should be provided by a state monopoly.

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