Kim Mathews,a retired school teacher,recently relocated to her old neighborhood.She called the trash collection company of her new neighborhood to enter her address but was dismayed to learn that they charged an extra $10 compared to the other companies in other areas.She complained to the company manager but was told that she had to either pay the bill or dispose the trash on her own.Kim had no other option but to pay the bill.Which of the following is the reason why Kim was treated so poorly by the company?
A) The trash company was dependent on her repeat business.
B) The trash company had no other competitors providing this service.
C) It was a regulated service funded by the city's authorities.
D) The trash company didn't want to serve retired individuals.
E) The trash company served only the higher-income households.

Question

Quizplus · Accepted Answer

The trash company likely had no competitors in the area, giving them a monopoly and allowing them to charge higher prices without concern for customer dissatisfaction.

Kim Mathews,a Retired School Teacher,recently Relocated to Her Old Neighborhood