Recall the Application about the British experience with private water companies in the nineteenth century to answer the following question(s).
-Recall the Application.What does water privatization show in terms of the distribution of water?
A) The water is a best managed when the government takes control.
B) The water is a natural monopoly.
C) The water distribution is optimized when the price is fixed.
D) none of the above

Question

Quizplus · Accepted Answer

The British experience with private water companies in the nineteenth century shows that water distribution is a natural monopoly, meaning that it is most efficiently provided by a single entity rather than multiple competitors. This suggests that private ownership may not always lead to optimal distribution of resources.

Recall the Application About the British Experience with Private Water