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27 September, 17:55

Why are utilities, such as electricity and water, examples of natural monopolies

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  1. 27 September, 20:45
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    Natural monopoly exist when one firm can supply the entire market at a lower per unit cost than could two or more separate firms. This being the case, public utilities such as water, gas and electricity are examples of natural monopolies.
  2. 27 September, 21:24
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    Electricity and water are examples of natural monopolies because they are all started up in local companies such as the Florida power and light and the water and sewage department
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