asked 183k views
3 votes
a single gas station has exclusive rights to operate along a private toll-road. as a result, the company can set the price of gasoline.

asked
User JaMiT
by
8.3k points

1 Answer

5 votes

Final answer:

The subject of this question is Economics, and it relates to the concept of market power, where a single seller has control over the price of a good or service due to limited competition.

Step-by-step explanation:

The subject of this question is Economics. In this scenario, the gas station has exclusive rights to operate along a private toll-road, allowing them to set the price of gasoline. This concept is related to the economic principle of market power, where a single seller has control over the price of a good or service due to limited competition.

answered
User Isaac G Sivaa
by
8.6k points
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