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2102320-Economics HONORS - Edgenuity Teacher
Comparative and Absolute Advantage — Unit test
Question 9
9
Quiz
Multiple Choice
Comparative and Absolute Advantage — Unit test
Question 9 • 2102320-Economics HONORS - Edgenuity Teacher
Why are utilities, such as electricity and water, examples of natural monopolies?
Answer
The cost of production restricts competition in the market.
Option
There are limited natural resources to meet demand.
Option
Consumers only trust known companies to provide these essentials.
Option
There is no need for alternative options.
Option
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