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Sam's Electric is the only supplier of electricity in the market and provides a good with no close substitutes. The market for electricity is an example of _____.

Sam's Electric is the only supplier of electricity in the market and provides a good with no close substitutes. The market for electricity is an example of _____.
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Sam's Electric is the only supplier of electricity in the market and provides a good with no close substitutes. The market for electricity is an example of _____.

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User Murrometz
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a monopoly is the correct answer
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User Pedro Bezanilla
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It would be a monopoly
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User MJ Montes
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