Which of the following is an example of a natural monopoly?
a. A local electricity supplier.
b. A dry cleaner in New York City.
c. An aircraft manufacturer.
d. A pharmaceutical company that holds a patent on a new drug.
A
Economics
You might also like to view...
Who benefits from rising inflation?
A) those who already have fixed-rate loans B) those considering taking out a loan C) lenders that already made loans D) lenders considering whether to make new loans
Economics
In the 1970s, the U.S. economy ________
A) grew at a faster pace than in the previous decade B) experienced low inflation C) experienced increases in unemployment D) all of the above E) none of the above
Economics