Asked by Jessica Guerrero on Jun 18, 2024

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Considering that there are over a half million doctors in the United States,it is still possible for a doctor to have a __________ monopoly in her or his neighborhood.

Local Monopoly

A situation where a single firm dominates the market within a specific geographic area, limiting competition.

Neighborhood

A geographical area or community within a city or town, characterized by shared features or common identity among its residents.

  • Analyze the advantages and potential disadvantages of monopolies and large firms.
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Tabatha WilliamsJun 19, 2024
Final Answer :
local