Monopoly & Market Entry & Monopolistic Competition Discussion 4 - Part 1

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qbbqyrtey91

Economics

Description

Identify a company in your local area that you would classify as a monopoly. Explain why you classified the company as a monopoly, and state how the company relates to at least two characteristics of that particular market. (Texas)

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Explanation & Answer

British power and lightening company, its the only company authorized by the state government to put electrical lights in houses. some other similar companies of putting light only get contract from the Monopolistic company but not the government.

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