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A water company is a good example of a(n) _____. a. geographic monopoly b. natural monopoly c. oligopoly d. technological monopoly

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter13: Monopoly And Antitrust

Section: Chapter Questions

Problem 8P

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Question

A water company is a good example of a(n) _____.

a.	geographic monopoly
b.	natural monopoly
c.	oligopoly
d.	technological monopoly

Definition Definition Market structure in which a single company dominates the entire industry. In a monopoly market, there are no close substitutes for the goods and services offered by the monopoly.

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