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Ontario Hydro operates in a situation of Select one: a. pure competition His monopolistic competition. c. oligopoly. d. monopoly a. fair competition.

Question

Ontario Hydro operates in a situation of Select one: a. pure competition His monopolistic competition. c. oligopoly. d. monopoly a. fair competition.

Ontario Hydro operates in a situation of
Select one:
a. pure competition
His monopolistic competition.
c. oligopoly.
d. monopoly
a. fair competition.

Solution

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SophieMaster · Tutor for 5 years

Answer

### d. monopoly

Explain

## Step 1: Analyzing Ontario Hydro's Market Position<br />### Ontario Hydro is a provincial crown corporation meaning it is owned by the provincial government. It was the primary electricity generator and transmitter in Ontario, effectively controlling the market. This aligns with the definition of a monopoly from the Knowledge Summary: "Monopolies are at the opposite end of the spectrum from perfect competition."<br />## Step 2: Eliminating Other Options<br />### The other options, pure competition, monopolistic competition, oligopoly, and fair competition, all involve multiple competing firms. Since Ontario Hydro held a dominant position with government backing, these options are not applicable.
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