In Rozinia Republic,the federal government owns and manages all the nuclear power plants.This is because the business would not be profitable if there was more than one supplier in the nuclear power industry.Which of the following industry competitive structures does the scenario best illustrate?

Question

Quizplus · Accepted Answer

This scenario best illustrates a natural monopoly. Without a natural monopoly, the governments involved believe the market would not supply these products or services at all. Public utilities supplying water, gas, and electricity to businesses and homes are frequently monopolists. These are so-called natural monopolies.

In Rozinia Republic,the Federal Government Owns and Manages All the Nuclear