Question

Can somebody help me check my answers please??

I'd really appreciate it.

The state legislature asks you to analyze several product markets for natural monopoly qualities. The legislature wishes to regulate one of the products to provide safer, more efficient, and standard quality to its citizens. Which product do you recommend?

student tutoring services

bottled water plants

auto detailing services

paint manufacturing,

Answer 1

The activity or product that would be the best candidate for legislative regulation among the choice listed would be bottled water plants. The high costs of distribution would be a factor that could limit the number of competitors in this industry.