Question

1. which of the following is an example of a monopoly that is allowed to exist due to government regulation? a. citizens in charlotte have a choice between a few companies that offer internet and wifi services. b. charlotte residents can choose to stream their cable from among three different companies. c. duke power is the sole choice for electricity within the charlotte region. d. the city of charlotte offers more choice when buying a new car than a smaller rural area like gastonia does.

Explanation:

A monopoly exists when there is a single - seller. Duke Power being the sole electricity provider is an example of a monopoly. Options a, b, and d involve multiple - company choices, so they are not monopolies.

Answer:

C. Duke Power is the sole choice for electricity within the Charlotte region.