Which of the following is a good example example of a monopoly?
A) KFC
B) Firestone Tires
C) Coca Cola
D) the only Shell gas station around for 200 miles

Question

Quizplus · Accepted Answer

Monopolies exist where a single entity is the sole provider of a particular product or service in a market. In this case, the only Shell gas station around for 200 miles represents a monopoly because it is the only provider of gasoline in a vast area, leaving consumers with no alternative but to purchase from it.

Which of the Following Is a Good Example Example of a Monopoly