A ____________ is created when the government believes the product or service would not be supplied by the market under free market conditions.
A) monopolistic competition
B) regulated monopoly
C) near monopoly
D) natural monopoly

Question

Quizplus · Accepted Answer

A natural monopoly is created when the government believes the product or service (such as utilities) would not be supplied by the market if it were not a monopoly.

A ____________ Is Created When the Government Believes the Product