Asked by
elliot kurtzer
on Nov 30, 2024Verified
Which one of these is not a natural monopoly?
A) A local electric company
B) A local natural gas company
C) A local cable TV company
D) All of these choices are examples of natural monopolies.
Natural Monopoly
An industry in which a single firm can provide cheaper service than could several competing firms.
Local Electric
Refers to the provision and consumption of electricity in a specific geographical area, often managed by a local utility company.
Cable TV
A system of delivering television programming via coaxial cables to subscribers, offering a variety of channels and services.
- Gain insight into the critical role of natural monopolies and the rationale for their existence.
Verified Answer
FK
Learning Objectives
- Gain insight into the critical role of natural monopolies and the rationale for their existence.