26
QuizMultiple Choice

2.5 Market Structures and Competition

Question 26 • * HSA 26-27 Economics

Which is an example of a government monopoly in the United States?

Answer
A
the US Postal Service
B
the Internal Revenue Service (IRS)
C
the US Environmental Protection Agency (EPA)
D
the National Park Service

Explanation

The US Postal Service is an example of a government monopoly because it has exclusive legal authority over much regular letter delivery in the United States. The IRS, EPA, and National Park Service are government agencies, but they do not hold a monopoly over a product or service in the same way.

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