Florida Power & Light,an Electric Power Company,is the Only Source

Multiple Choice

Florida Power & Light,an electric power company,is the only source of electricity for consumers in most parts of the Florida panhandle.The company is a(n) ________,despite the fact that it must seek approval from the state utility commission for the rates it can charge.

A) free enterprise firm
B) oligopoly
C) monopolistic competitor
D) competitor in a pure competition
E) pure monopoly