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.

---

Definitions:

Customer Payment

A financial transaction where a client settles the amount owed for a service or product provided by a company, completing the sale.

QuickBooks

An accounting software package developed and marketed by Intuit, used for small and medium-sized businesses.

Payment Method

The means or process by which a payment is made and received, which can include cash, checks, credit cards, or electronic transfers.

Audit Trail

A record that shows the chronological sequence of the documentation of financial transactions and changes in an accounting system.