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 occurs when there is only one supplier of a particular product or service, and it is regulated by the government. In such a case, marketing plays a relatively small role because there is no competition in the market, and the supplier has a captive audience. The government regulates the pricing, quality, and availability of the product or service, leaving little room for marketing strategies. Therefore, option B is the best choice.

Since ___________ Is Regulated by the State or Federal Government,marketing