Natural monopolies are often found in the all of the following industries EXCEPT:

Question

Quizplus · Accepted Answer

Petroleum refining and marketing is not typically considered a natural monopoly as there is usually competition in these markets. The other industries listed often have high fixed costs and barriers to entry that make it difficult for multiple firms to operate efficiently in the market, resulting in a single dominant firm or natural monopoly.

Natural Monopolies Are Often Found in the All of the Following