The _____ industry is an example of a natural monopoly.
A) automotive
B) oil
C) tap water
D) restaurant

Name: The _____ industry is an example of a natural monopoly. A) automotive B) oil C) tap water D) restaurant
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Question

Quizplus · Accepted Answer

The tap water industry is an example of a natural monopoly because it is most efficient for production to be concentrated in a single firm due to the high infrastructure costs and the impracticality of having multiple competing networks of water pipes.

The _____ Industry Is an Example of a Natural Monopoly