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.

---

Definitions:

Adolescents

People undergoing the phase of both physical and mental growth that typically happens from puberty until reaching the age of legal maturity.

Observational Learning

The process of acquiring new behaviors or knowledge by watching and imitating others, also known as social learning.

Albert Bandura

A Canadian-American psychologist known for his work on social learning theory and the concept of self-efficacy.

Reinforcement

A principle in behaviorism that strengthens a behavior by providing a consequence an individual finds rewarding.