Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 12 - Pure Monopoly - Discussion Questions: 8

Answer

The answer is below.

Work Step by Step

Natural monopolies generally are regulated, for due to the high price of entering the industry, there are very few, if any, competitors. As a result, the government will regulate prices to keep these businesses from taking advantage of people.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.