question archive Select the type of market structure for the following good or service: First Class Mail
Select the type of market structure for the following good or service: First Class Mail
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Select the type of market structure for the following good or service: First Class Mail.
a. Perfect Competition,
b. Monopolistic Competition,
c. Oligopoly,
d. Monopoly.
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The correct answer is d. Monopoly.
- In the United States, there is only one provider of first class mail, and this is the Untied States Postal Services (USPS). Because there is only one supplier of this service, this is a monopoly.
