Question

In 1927, Washington state created a monopoly by granting just one company the right to run a ferry boat service in Lake Chelan (Will).

Options:
a) True
b) False

Answer 1

Washington state did not create a monopoly for ferry boat service in Lake Chelan in 1927. The change from multiple bus companies to a single one can be attributed to consolidation, government regulations, and subsidies.

Step-by-step explanation:

The statement is false.

In 1927, Washington state did not create a monopoly by granting just one company the right to run a ferry boat service in Lake Chelan. Instead, the state allowed multiple companies to operate ferry services on the lake, leading to competition among them.

This change in the middle of the twentieth century, where major U.S. cities went from having multiple competing city bus companies to usually having only one, can be attributed to various factors such as consolidation, government regulations, and subsidies.