Which of the following is a current example of a monopoly granted by legal market power? (You need to do some information gathering for this problem.)
A) Diamond mining
B) Alcohol sales in Sweden
C) Telecommunication in the United States
D) Oil market

Question

Quizplus · Accepted Answer

Alcohol sales in Sweden are currently controlled by the government-owned company Systembolaget, which has a legal monopoly on retail sales of alcoholic beverages with an alcohol content higher than 3.5%. Other retailers are only allowed to sell beer with an alcohol content of up to 3.5%.

Which of the Following Is a Current Example of a Monopoly