An Example of a Monopoly Would Be

question 168

Multiple Choice

An example of a monopoly would be:

• A) a gasoline service station in Los Angeles.
• B) a sole provider of electrical power in a city.
• C) a grocery store in Chicago.
• D) Walmart.

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Definitions:

Operating

Refers to the day-to-day activities involved in running a business that are essential for generating revenue.

Financing

The process of providing funds for business activities, making purchases, or investing, including obtaining loans or issuing stocks.

Investing

Assigning financial resources with the aim of realizing a return or gaining profits.

Purchase of Stock

The act of buying shares in a company, either through a stock exchange or directly from the company.