25
QuizMultiple Choice

Market Structures and Competition — Quiz

Question 25 • Personal Finance and Economics

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

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

Explanation

A government monopoly exists when the government is the sole provider of a particular service. The US Postal Service has historically held a legal monopoly on delivering certain types of mail, such as standard letter mail. The EPA, National Park Service, and IRS are government agencies, but they do not provide a service in the same monopolistic sense.

AI-written and checked against the verified answer.

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