U.S.public utilities are often:
A) perfect competitors.
B) created through patent protection.
C) regulated natural monopolies.
D) employee-owned public enterprises.

Question

Quizplus · Accepted Answer

U.S. public utilities are typically regulated natural monopolies, meaning that they provide a necessary service that is too costly or impractical for multiple companies to provide. These industries, such as electricity and water, are typically regulated by government agencies to prevent monopolistic price gouging and ensure universal access to the service.

U.S.public Utilities Are Often