Florida Power & Light, an electric power company, is the only source of electricity for consumers in most parts of the Florida panhandle. The company is ________, despite the fact that it must seek approval from the state utility commission for the rates it can charge.

Question

Quizplus · Accepted Answer

Florida Power & Light is a pure monopoly because it is the sole provider of electricity in most parts of the Florida panhandle, meaning it has no competition in that market.

Florida Power & Light, an Electric Power Company, Is the Only