Once congestion sets in,natural monopolies morph into goods that are _____

Question

Quizplus · Accepted Answer

When congestion sets in, natural monopolies become rival and exclusive goods. This is because as more people try to use the same limited resource or infrastructure, the quality, speed, and reliability of the service or product decreases, making it rivalrous. Additionally, since the monopolist can exclude others from using the infrastructure or resource, it becomes exclusive.

Once Congestion Sets In,natural Monopolies Morph into Goods That Are