Question

Sometimes, monopoly forms, such as in the market for water or electricity. it would be inefficient for more than one company to be in this market. however, to prevent companies from charging outrageously prices, these industries are regulated by the .

Answer 1

Sometimes, natural monopoly conditions, such as in the market for water or electricity. It would be inadequate for better than one group to be in this market. However, to control companies from charging outrageously high costs, these industries exist regulated by the government.

Why does a monopoly generate electricity?

The easiest method to become a monopoly exists by the government giving a company exclusive privileges to provide goods or services. Government-created monopolies exist intended to result in economizing of scale that helps customers by keeping costs down.

A monopoly exists allocative inefficiently because the monopoly price exists more significantly than the marginal cost of production.

Sometimes, natural monopoly conditions, such as in the market for water or electricity. It would be inadequate for better than one group to be in this market. However, to control companies from charging outrageously high costs, these industries exist regulated by the government.

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Answer 2

Answer: Sometimes, a natural monopoly forms, such as in the market for water or electricity. It would be inefficient for more than one company to be in this market. However, to prevent companies from charging outrageously high prices, these industries are regulated by the government.

Explanation: