Which of the following is NOT an example of natural monopoly?

Question

Quizplus · Accepted Answer

Farm products are not a natural monopoly as there are many producers and sellers of farm products in the market. Natural monopolies are characterized by high fixed costs and economies of scale, which result in it being more efficient for a single producer to provide the good or service rather than multiple producers. Water systems, electricity transmission, and local telephone services are examples of natural monopolies because it is more efficient for a single company to provide these services than for multiple companies to do so.

Which of the Following Is NOT an Example of Natural