Mae's Restaurant is the only establishment in town that sells cinnamon rolls.Mae therefore has a monopoly on the cinnamon roll business in town.

Question

Quizplus · Accepted Answer

A monopoly occurs when a single firm is the only provider of a specific good or service in a given market. In this case, Mae's Restaurant is the only establishment in town that sells cinnamon rolls, which means that it has a monopoly on the cinnamon roll business in that particular market or area.

Mae's Restaurant Is the Only Establishment in Town That Sells