In Many Geographic Areas,there Is Only a Single Provider for Gas

question 4

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 firm 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:

Attitudes

A settled way of thinking or feeling about something, typically reflected in a person's behavior.

Diverse Workforce

A workforce that includes employees from a variety of backgrounds, including different races, ethnicities, genders, ages, religions, disabilities, and sexual orientations.

Advantages

Positive aspects or benefits associated with a particular choice, action, or situation.

Ethnocentrism

Viewing one's own culture as superior to others and using it as a benchmark to evaluate foreign cultures.