Final answer:
The given statement is completely true. Setting up water service is very different than setting up electricity service because public utilities like water and electricity are natural monopolies.
Step-by-step explanation:
Public utilities, such as water and electricity services, are examples of natural monopolies. It wouldn't be practical to have multiple competing companies for these services, each with their own separate infrastructures. For example, it would be costly to install multiple sets of water pipes under a city for each water company. The same goes for electricity, where having many competing companies with their own set of wires would be expensive. Therefore, the statement that setting up water service is very different than setting up electricity service is true.