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Alex Ar [27]
4 years ago
6

The water supplier in your town is an example of​ _______.

Biology
1 answer:
ryzh [129]4 years ago
7 0
<h3><u>Answer;</u></h3>

Monopoly

Water supplier in your town is an example of a<u> monopoly</u>

<h3><u>Explanation;</u></h3>
  • Monopoly arises when there is one​ firm, which produces a good or service that has no close substitutes and in which the firm is protected by a barrier preventing the entry of new firms.
  • Government may create natural monopolies such as electricity compnay, water company, etc. with an intention of getting  economies of scale that benefit consumers by keeping costs down
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