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.

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Definitions:

Simplify

Simplifying a mathematical expression or equation involves breaking it down to its most basic form to make it simpler to comprehend or resolve.

Complex Fraction

A fraction in which either the top number, bottom number, or both are themselves fractions.

Complex Fraction

A complex fraction is a fraction in which the numerator, the denominator, or both contain fractions themselves.

Simplify

The process of altering an expression to make it easier to work with, often by combining like terms or using mathematical properties.