Question

The public corporation is suitable for undertakings requiring monopoly powers, e.g., public utilities.

• A. True
• B. False
• C. Partly true
• D. None of above

Answer 1

The correct option is A True

A company whose shares are publicly traded and are usually held by a large number (hundreds or thousands) of shareholders.

The usual British term is public limited company. A government owned company such as an airline or public transit company. See also corporation sole.