The regulation of natural monopolies is common in the:
A)tap water industry.
B)electricity industry.
C)natural gas industry.
D)Regulation is common in all of these industries.

Question

Quizplus · Accepted Answer

Natural monopolies occur when a single firm can supply a good or service to the entire market at a lower cost than any potential competitor. This is common in industries such as tap water, electricity, and natural gas. Regulation is necessary in these industries to ensure that the monopolistic firms do not charge excessive prices or engage in anti-competitive behavior. Therefore, choice D is the correct answer as regulation is common in all of these industries.

The Regulation of Natural Monopolies Is Common in The