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

Question

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The British experience with water privatization in the nineteenth century demonstrated that a single firm could be profitable due to the natural monopoly characteristics of water supply. Competition between two firms often led to inefficiencies and financial difficulties, making it unprofitable for both.

Recall the Application About the British Experience with Private Water