An example of a monopoly would be:
A) a gasoline service station in Los Angeles.
B) a sole provider of electrical power in a city.
C) a grocery store in Chicago.
D) Walmart.

Question

Quizplus · Accepted Answer

A sole provider of electrical power in a city is an example of a monopoly because there are no competing companies offering the same service. This gives the monopoly company control over the pricing and quality of their service, as well as limiting consumer choice.

An Example of a Monopoly Would Be