In Many Geographic Areas, There Is Only a Single Provider

question 112

Multiple Choice

In many geographic areas, there is only a single provider for gas and electric service for businesses and consumers. However, the government regulates that organization to ensure price protection for the buyer. This is an example of

• A) pure competition.
• B) a pure monopoly.
• C) an oligopoly.
• D) monopolistic competition.
• E) a megopoly.

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Definitions:

Planned Change Programs

These involve deliberate efforts to improve an organization by altering its structure, processes, or culture through structured interventions.

Key Source Of Energy

A principal resource or input that provides power or vitality, often in the form of fuel, electricity, or nutritional calories.

External Party

Individuals or groups outside of an organization or system that can affect or be affected by the organization's activities.

Organization's Members

Individuals who are part of a group, company, or institution and contribute to its culture, goals, and activities.