Ferry transport along the western fjords of Norway is operated almost exclusively by one large firm. FjordLink is the state-backed monopoly operating passenger and vehicle ferry services across these vital coastal waterways. It maintains a fleet of over 75 vessels operating across 40 distinct routes. Its primary objectives, mandated by the licensing authority, are to guarantee reliable, year-round transport connectivity for isolated communities and to support regional economic development.
With reference to the data provided and your knowledge of economics, assess whether a monopoly such as FjordLink is likely to benefit consumers.
