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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
Which of the following is an example of a monopoly?
A) If you want to buy a new novel, your only choices are to buy from the one local bookstore in your town or to get on the Internet and buy from any of the thousands of online places.
B) You don't want to buy cable from the one company that provides cable to your city so you are stuck getting a satellite dish.
C) While there are a lot of appliance stores in the big city three hours away from you, they are too far to travel to so you buy your new refrigerator from the one store locally that sells appliances.
D) All of the above would be considered examples of a monopoly.
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kingbykingby
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#1
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7 years ago
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#2
7 years ago
Perfectly answered Smiling Face with Open Mouth

Cheers
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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