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Basic Question 4 of 22
The best example of a local monopoly is ______.
B. cable TV
C. the oil industry
A. the automobile industry
B. cable TV
C. the oil industry
User Contributed Comments 14
| User | Comment |
|---|---|
| cmisaac | If you live in a town where oil is drilled, your local monopoly would be oil industry. Is there cable TV in Nigeria? |
| jerylewis | good point!! |
| Mine | come on!! there is cable TV in Nigeria, don't diss us like that..lol |
| chamad | cable TV doesn't apply at all in Canada for example. The market is monopolistic (Bell vue & Videotron) |
| chamad | Sorry I meant the market TV cable in Canada is Oligopolistic (2 big firms) |
| magicchip | And Rogers. Dont forget Mr. Ted. |
| AndyBear | U guys are keeping me entertained! |
| chris12345 | i know someone who went to Nigeria, he said there was no cable tv and that there wasn't even electricity!!!! |
| 8thlegend | How is cable a local monopoly? You tube can blow the crap out of local cable competition any day. |
| bundy | Cable TV is a monopoly simply because of high barriers, economies of scale, and Gov't Licence...it has nothing to do with the quality! |
| DonAnd | that's keeping it real! You guys are out of control! Anything to relieve the exam pressure I guess... |
| thekobe | cable in MX is also oligopolistic, 3 providers |
| ezimokha | Woah. Slow it down. Im from Nigeria and there is cable TV and electricity. The electricity in some areas of the country is not constant however, just like most developing nations. |
| choas69 | i dont think cfa institute will choose such question to be in the exam. |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2025 Level I Curriculum, Volume 1, Module 1.