A country store in a lightly populated area is an example of a geographic monopoly. Other businesses choose not to enter the market because there is a small customer base and little potential for profits.
A country store in a lightly <br>populated area is an example <br>of a geographic monopoly. <br>Other businesses choose <br>not to enter the market <br>because there is a small <br>customer base and little <br>potential for profits.