What is a example of geographical monopoly?

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2026-04-16 15:15

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A classic example of a geographical monopoly is a local utility company that provides electricity or water to a specific area. Due to the high costs of infrastructure and the regulatory environment, it is often impractical for multiple companies to operate in the same region, leading to a single provider dominating the market. This company can set prices without competition, as residents have no alternative source for these essential services.

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