What are some of the challenges caused by a natural monopoly? Check all that apply.It can raise prices without concern for customers.It is unable to serve all of the customers in a market.It lacks incentive to improve its good or service.It might not increase production if it cannot make a profit.It cannot be controlled by the government or other outside forces.
Answer
A
It can raise prices without concern for customers.
B
It is unable to serve all of the customers in a market.
C
It lacks incentive to improve its good or service.
D
It might not increase production if it cannot make a profit.
E
It cannot be controlled by the government or other outside forces.