ECON
Why do governments typically set up natural monopolies?
A. To regulate access to essential services B. To limit the power of businesses in an oligopoly
C. To encourage competition with corporations
D. To promote pure competition in an economy

A natural monopoly is an industry of high infrastructure costs and barriers to entry. that is relative to market size as they are the largest supplier in the industry.

They are often the first supplier in the market and have an overwhelming advantage over the competitors. The monopolies are made in order to regulate access to essential services. An example of the public utilities.

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ECON Why do governments typically set up natural monopolies? A. To regulate access to essential services B. To limit the power of businesses in an oligopoly C. To encourage competition with corporations D. To promote pure competition in an economy​

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What is a natural monopoly?

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ECON
Why do governments typically set up natural monopolies?
A. To regulate access to essential services B. To limit the power of businesses in an oligopoly
C. To encourage competition with corporations
D. To promote pure competition in an economy