What is an example of a monopoly?
A) a jewellery store in Burnaby, British Columbia
B) a souvenir shop in Cancun, Mexico
C) an electric company in Outlook, Saskatchewan
D) a doctor in St. John's, New Brunswick

Question

Quizplus · Accepted Answer

An electric company in Outlook, Saskatchewan is an example of a monopoly as there may only be one company providing electricity in that specific region, giving them complete control over the market. The other options listed involve businesses operating in a competitive market with multiple options available to consumers.

What Is an Example of a Monopoly