Appalachian Electrical Power is an example of a Monopoly market structure.
Appalachian Electric Power (AEP) is an electric utility in 11 states in the United States. It stands out among the other companies that provide energy service in the United States because it is the one with the greatest capacity and infrastructure to provide the service.
This company is an example of a monopoly because in the region that provides the energy service there is no other company that has the same capacity as it. Therefore, customers in this area have the only alternative to use the services of AEP - Appalachian Electrical Power.
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