Which of Following Is the Best Example of a Monopoly

question 52

Multiple Choice

Which of following is the best example of a monopoly if we use a broader definition of monopoly?

• A)Spuds McKenzie, a wealthy potato farmer in Idaho
• B)Cheap Gas, one of two gasoline stations in a large rural community
• C)Santos Tacos, the only taqueria in the small town of Santosville
• D)Zippie Rentals, a sports car rental service in the downtown Boston area

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Definitions:

Complex Concept

An idea, theory, or principle that is composed of various interconnected parts, making it difficult to comprehend entirely without thorough analysis.

Change Blindness

The phenomenon where a person does not notice new or changed visual stimuli in their environment when the change occurs during a visual interruption.

Dual Processing

The theory that the mind operates on two levels: a fast, automatic, unconscious level, and a slower, more deliberate, conscious level.

Consciousness

The capability to observe and think about one’s own self, emotions, mental processes, immediate environment, and personal experiences.