Which of the following firms is likely to have the greatest market power?

A) A utility company
B) A farmer
C) A grocery store
D) A local electronics retailer

Market Power

The ability of a firm or group of firms to influence the price of goods or services in the market, often by controlling supply, market share, or technology innovations.

Utility Company

A company that provides essential services such as electricity, water, and natural gas to consumers and businesses.

Grocery Store

A retail establishment selling food and other household goods. Often considered an essential service providing everyday necessities to the public.