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Why are utilities, such as electricity and water, examples of natural monopolies? A-The cost of production restricts competition in the market. B-There are limited natural resources to meet demand. C-Consumers
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Why are utilities, such as electricity and water, examples of natural monopolies?

A-The cost of production restricts competition in the market.
B-There are limited natural resources to meet demand.
C-Consumers only trust known companies to provide these essentials.
D-There is no need for alternative options.

User Farrel
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1 Answer

4 votes

Answer:

A: The cost of production restricts competition in the market.

Step-by-step explanation:

User Karthikeyan Bose
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