Which Is an Example of a Privately Owned Monopoly

question 46

Multiple Choice

Which is an example of a privately owned monopoly?

• A) The De Beers diamond syndicate
• B) State of Utah Liquor Commission Stores
• C) U.S.Postal Service
• D) New Jersey State Lottery

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Definitions:

Complimentary Approach

An approach that opens with a compliment that is sincere and therefore effective.

Straight Rebuy Situations

Situations in business purchasing where the buyer reorders an existing product or service without modifications, often through automated systems, reflecting a routine purchasing decision.

High-Tech Business Products

Products that incorporate the latest technology or are based on high-level scientific research, aimed at the business market.

New

Not existing before; made, introduced, or discovered recently or now for the first time.