Which of these is MOST likely to be a natural monopoly?
A) an ambulance service in a small town in Wyoming
B) Apple, Inc.
C) an automobile manufacturer with a national market
D) United Parcel Service (UPS)

Question

Quizplus · Accepted Answer

An ambulance service in a small town in Wyoming is most likely to be a natural monopoly due to the high fixed costs and low marginal costs associated with providing emergency medical services, making it inefficient for multiple providers to operate. This scenario typically leads to a single provider naturally dominating the market.

Which of These Is MOST Likely to Be a Natural