A local monopoly is a firm that:
a. is the sole supplier of a good, without substitutes, in a specific geographic area.
b. is one of the suppliers of a good in a specific geographic area.
c. supplies all the products needed by consumers in a country.
d. produces to meet the requirement of only one consumer.
e. is one of the suppliers of a good that has a lot of substitutes, in a specific geographic area.
a
Economics
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A. more B. fewer C. the same number of
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