If a Natural Monopoly Was Broken into Several Smaller Competing

question 109

Multiple Choice

If a natural monopoly was broken into several smaller competing firms,

• A)Consumers would lose because of less competition.
• B)Producers would be better off because they would have greater market share.
• C)Society would be worse off because the economies of scale would be destroyed.

---

Definitions:

Unsatisfactory

A term used to describe a level of quality, performance, or outcome that does not meet established standards or expectations.

Truckload

The quantity of cargo that fills or nearly fills the cargo space of a truck, used as a shipping and logistics term.

Random Sample

A sample that is selected from a larger population in such a way that every individual has an equal chance of being included.

Timely Payments

Refers to the act of paying dues or bills on or before the due date.