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InLove TheReal
on Nov 26, 2024

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Which would be an example of public ownership as a response to natural monopolies?

A) Federal Energy Regulatory Commission
B) Federal Trade Commission
C) U.S. Food and Drug Administration
D) U.S. Postal Service

Public Ownership

Ownership of assets, enterprises, or resources by governmental organizations rather than individuals or private companies.

Natural Monopolies

Market situations where a single supplier is more efficient in serving the entire market due to high fixed costs and significant economies of scale, commonly seen in utilities.

U.S. Postal Service

A federal agency responsible for providing postal services in the United States, known for delivering mail and packages domestically and internationally.

  • Gain insight into the concept of natural monopolies and the grounds for the regulation of industries.
  • Gain insight into the legal and economic reasons underpinning diverse forms of regulatory measures and interventions in industries.
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Cindy NarineNov 29, 2024
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