The best and most correct answer among the choices provided by the question is the third choice "natural monopolies"
Natural monopolies<span> arise where the largest supplier in an industry, often the first supplier in a market, has an overwhelming cost advantage over other actual or potential competitors; this tends to be the case in industries where fixed costs predominate.</span>
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Americans believed that they had the responsibility to govern the Filipinos because they were uncircumcised people.
In some instances, Federal officials expedited the naming process by furnishing the names themselves, and invariably the name would be the same as that of the freedman’s most recent master. But these appear to have been exceptional cases; the ex-slaves themselves usually took the initiative—like the Virginia mother who changed the name of her son from Jeff Davis, which was how the master had known him, to Thomas Grant, which seemed to suggest the freedom she was now exercising. Whatever names the freed slaves adopted, whether that of a previous master, a national leader, an occupational skill, a place of residence, or a color, they were most often making that decision themselves. That was what mattered.
