Asked by
Kassy Hinojosa
on Oct 12, 2024
Verified
Which one of the following companies is NOT a natural monopoly?
A) The International Nickel Company
B) California Edison Electric Company
C) Southwestern Bell Telephone Company
D) Keyspan Gas Company
Natural Monopoly
A market condition where due to high infrastructure or setup costs, a single supplier is more efficient than multiple competing ones, often seen in utilities.
International Nickel Company
A historically significant Canadian corporation involved in the mining and processing of nickel and other metals; known today as Vale Canada Limited after various mergers and acquisitions.
Southwestern Bell
A former American telecommunications company that was one of the seven original Regional Bell Operating Companies after the U.S. Department of Justice broke up the American Telephone & Telegraph Company in 1984.
- Describe the function of public utilities and natural monopolies within the economic landscape.
- Analyze the economic rationales behind patents and monopolies endorsed by governmental authority.
Verified Answer
MW
Learning Objectives
- Describe the function of public utilities and natural monopolies within the economic landscape.
- Analyze the economic rationales behind patents and monopolies endorsed by governmental authority.