Asked by

elliot kurtzer
on Nov 30, 2024

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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.
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Fadeke KayodeDec 01, 2024
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