Asked by
Karli Anderson
on Oct 12, 2024
Verified
Which statement is true?
A) All monopolies are good.
B) All monopolies are bad.
C) Most natural monopolies are government regulated or government owned.
D) None of these statements are true.
Natural Monopolies
Industries or markets in which the production or supply of a good or service is most cost-effective when there is a single provider, due to high infrastructure or entry costs.
Government Regulated
Refers to activities, industries, or services that are controlled or supervised by government agencies to ensure compliance with laws and regulations.
- Identify the shortcomings linked to monopoly practices and the significance of governmental intervention.
- Understand the importance of natural monopolies and the reasons behind their presence.
Verified Answer
DT
Learning Objectives
- Identify the shortcomings linked to monopoly practices and the significance of governmental intervention.
- Understand the importance of natural monopolies and the reasons behind their presence.