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Question : Which  one of the following is an example for Monopoly?

Option 1: SPIC

Option 2: Indian Railways

Option 3: HMT

Option 4: Hindustan Unilever Limited


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 12th Jan, 2024

Correct Answer: Indian Railways


Solution : The correct answer is Indian Railways

A common example of a natural monopoly is the railroad industry. Because there is only one seller and a sizable number of buyers in a monopoly competition, the seller has no rivals and the buyers have no substitutes. Like the railroads, the government provides public services. Since no new partners or privately held companies are permitted to operate railways, they have a monopoly.

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