The United States Mint is the only legal entity to produce circulating coinage for the United States. Michael Jackson's estate owns the copyrights to many of the Beatles songs. Xcel Energy is a public utility company who is the sole provider of electricity and natural gas in some states such as Colorado, New Mexico and Minnesota. Which of these entities, if any, is a natural monopoly?

Question

Quizplus · Accepted Answer

Xcel Energy is a natural monopoly because it is the sole provider of electricity and natural gas in some states, which means that there is no competition and consumers have no other options.

The United States Mint Is the Only Legal Entity to Produce