Since __________ is regulated by the state or federal government, marketing plays a relatively small role in this setting.

Question

Quizplus · Accepted Answer

A pure monopoly is a market where there is only one supplier of a particular product or service, and it is often regulated by the state or federal government. In this setting, marketing plays a relatively small role as the supplier does not face any competition and does not need to actively promote their product or service.

Since __________ Is Regulated by the State or Federal Government