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.As a(n) __________,the company receives 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