Question

A utility (such as a power company) which controls all services in a designated area is called a

Answer 1

Answer: Natural Monopoly

Step-by-step explanation: natural monopoly are firms thats produce and sell identical products.

Answer 2

These are the choices I found on the internet:
A) trust.
B) cartel.
C) natural monopoly.
D) devised oligopoly.

The best answer would be letter C - natural monopoly. This is a situation where one firm can supply a market's entire demand (because of a unique raw material, technology, or other factors) for a good or service at a value lower than two or more firms.