An example of a monopoly would be
A) one of many U.S. wheat farmers.
B) one of the few U.S. auto makers.
C) AT&T long distance phone service.
D) the local water company.

Name: An example of a monopoly would be A) one of many U.S. wheat farmers. B) one of the few U.S. auto makers. C) AT&T long distance phone service. D) the local water company.
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Question

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A monopoly exists when a single company or entity is the sole provider of a particular product or service, which is the case with a local water company.

An Example of a Monopoly Would Be