Which of the following is characteristic of a regulated natural monopoly?
A)extensive economies of scale
B)the wasteful duplication of capital facilities in the event of competition
C)the provision of an essential service
D)all of these

Question

Quizplus · Accepted Answer

A regulated natural monopoly is characterized by extensive economies of scale, the wasteful duplication of capital facilities in the event of competition, and the provision of an essential service.

Which of the Following Is Characteristic of a Regulated Natural