Asked by
Salman Faris Iddrisu
on Oct 27, 2024
Verified
Most electric,gas,and water companies are examples of _____ monopolies.
A) unregulated
B) natural
C) restricted-input
D) sunk-cost
Natural Monopolies
A type of monopoly that arises due to high infrastructure costs and other barriers to entry which make it inefficient for more than one provider to operate (e.g., water supply).
- Understand the concept of natural monopolies and recognize examples in the economy.
Verified Answer
AC
Learning Objectives
- Understand the concept of natural monopolies and recognize examples in the economy.