A local council can be treated as a geographic monopoly in competition with other geographic monopoly councils for funds from the common provider.

Question

Quizplus · Accepted Answer

A local council is typically the sole provider of public services within its geographic boundaries, which can be seen as a form of monopoly. When competing for funding from a common provider, such as a central government, one council's success in securing funding can come at the expense of other councils. Therefore, a local council can be seen as in competition with other geographic monopoly councils for funding.

A Local Council Can Be Treated as a Geographic Monopoly