Question

Which of these is the result of a government-regulated natural monopoly?a. Fewer pricing plans and options for the consumer
b. Greater number of service interruptions
c. Multiple installations of gas, water, and electric lines
d. Unfairly high prices due to lack of competition

Answer 1

It's C, Multiple installations of gas, water and electric lines, RANE. This is because a monopoly is one business which offers plentiful goods and services, enabled to be maintained by many small businesses, but one leading power, in this case the government. So that's why it is a natural monopoly. Now we all know the government does own gas, water and electrical companies here domestically, and it's like that over the world als