Which of the Following Would Most Likely Serve as an Example

question 37

Multiple Choice

Which of the following would most likely serve as an example of a monopoly?

• A)a restaurant in a large city
• B)a dry cleaners in a large city
• C)a local gas station
• D)a local electrical company

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Definitions:

Permit

An official document giving someone authorization to do something.

Toxic Substances Control Act

A United States law enacted in 1976 that gives the Environmental Protection Agency authority to regulate the manufacture and sale of chemicals.

Industrial Chemicals

Chemical substances manufactured for use in industrial processes or products, distinct from pharmaceuticals, agricultural chemicals, or food additives.

EPA

The Environmental Protection Agency, a U.S. federal agency responsible for protecting human health and the environment by enforcing regulations based on laws enacted by Congress.