Mixed Concrete cannot be shipped farther than twenty-five miles because the concrete might harden in the truck.Citrus County Concrete Company is the only supplier of mixed concrete to customers within a thirty-mile radius.Citrus County Concrete is an example of which one of the following competitive structures?
A) Monopoly
B) Oligopoly
C) Monopolistic competition
D) Pure competition
E) Monopsony

Question

Quizplus · Accepted Answer

Citrus County Concrete Company is the only supplier within a specific area, indicating it has no competition in that region, which is characteristic of a monopoly.

Mixed Concrete Cannot Be Shipped Farther Than Twenty-Five Miles Because