Public utilities, due to their economies of scale, are permitted by government to charge whatever price that they wish.

Name: Public utilities, due to their economies of scale, are permitted by government to charge whatever price that they wish.
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Question

Quizplus · Accepted Answer

Public utilities are regulated by government agencies and have limits on how much they can charge for their services. These limits are based on the cost of providing the service and ensuring fair pricing for consumers.

Public Utilities, Due to Their Economies of Scale, Are Permitted