A public utility, such as a water company, is an example of a

a. technological monopoly
b. geographic monopoly
c. natural monopoly
d. government monopoly

Ans: c. natural monopoly

Economics

You might also like to view...

The U.S. fiduciary monetary system

A) is the one agency responsible for providing coins and paper currency. B) is one where money is not convertible to a fixed quantity of gold. C) puts capital controls in place. D) controls the private banking system.

Economics

Each of the following is a source of financial capital for a corporation EXCEPT

A) issuing new stock. B) reinvestment of profit or retained earnings. C) issuing bonds or borrowing funds from a bank. D) dividends.

Economics