Recall the Application about the British experience with private water companies in the nineteenth century to answer the following question(s).
-Recall the Application. The British experience with water privatization showed that the distribution of water is

Question

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The British experience with water privatization demonstrated that the distribution of water is a natural monopoly, as private companies had little incentive to invest in expanding access to areas with lower profit margins, leading to unequal access and inadequate service for some customers. This ultimately led to the re-nationalization of water distribution in the UK in the 20th century.

Recall the Application About the British Experience with Private Water