The competitive situation where the LCBO operates in is known as a(n):
A)pure competition
B)cross-market competition
C)monopolistic competition
D)monopoly

Name: The competitive situation where the LCBO operates in is known as a(n): A)pure competition B)cross-market competition C)monopolistic competition D)monopoly
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Question

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The LCBO (Liquor Control Board of Ontario) operates as a monopoly because it is a government-owned entity that has exclusive control over the sale of alcoholic beverages in Ontario, Canada.

The Competitive Situation Where the LCBO Operates in Is Known