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:

Global Warming

Global warming is the long-term rise in Earth's average surface temperature, primarily due to human activities like burning fossil fuels, leading to climate change.

Global Temperatures

A measure of the average temperature of the Earth's surface, which has been increasing due to factors like greenhouse gas emissions.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable on another while holding everything else constant.

Variables

Elements, features, or factors that are likely to vary or change.