Question

What is a public​ franchise? A public franchise is

A. a firm that can supply the entire market at a lower average total cost than can two or more firms.

B. an entity through which the government directly provides certain services to consumers.

C. a firm that is the only seller of a good or service that does not have a close subsitute.

D. a firm designated by the government as the only legal provider of a good or service.

E. a firm that is the only buyer of a factor of production.

Answer 1

D. a firm designated by the government as the only legal provider of a good or service.

Step-by-step explanation:

Public​ franchise -

It is the type of firm , which is legally opened by the government , to provide certain goods and services, is referred to as public franchise.

These firm are opened in order to restrict the market , as , where other any other firm are not allowed to compete .

This method is adapted in order to regulate the market , which helps the consumers to buy certain products at lower price .