Josiah’s situation gives him a monopoly. Since he is the only pet supply store in his town and there are no alternatives for pet food within a 200-mile radius, he has complete control over the sale of pet products in his area.
Josiah owns and operates the only pet supply store in his town. There are no other places to buy pet food for over 200 miles and internet service is not always reliable in this small community. This means that Josiah’s one company completely controls the sale of pet products in his area, essentially giving him a what?
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scarcity scarcity hindrance hindrance monopoly monopoly disadvantage
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