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A good example of a monopoly is-- *
о
a. Ford Motor Company branching out into the production and sale of home
appliances such as refrigerators.
b. Standard Oil as the only source of oil for 94% of the U.S. population.
c. General Electric only hiring white male workers of English ancestry.
d. The Bank of the United States only lending money to men in the Northeast.



Answer :

GinnyAnswer

Final answer:

A monopoly is a firm dominating a market by being the sole provider of a particular product or service.


Explanation:

A monopoly is a firm that sells all or nearly all of the goods and services in a given market. Standard Oil as the only source of oil for 94% of the U.S. population is a good example of a monopoly. Another example is DeBeers having a monopoly in diamonds.


Learn more about Monopolies here:

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