Which of the Following Defenses to Monopolization Can an Electricity

question 100

Multiple Choice

Which of the following defenses to monopolization can an electricity supplier to a small town,that can support only one competitor,claim?

• A) relevant market
• B) willful monopolizing
• C) innocent acquisition
• D) natural monopoly

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Definitions:

Externalities

Economic side effects or by-products that affect an uninvolved third party; can be either positive or negative.

Public Goods

Items that are non-excludable and non-rivalrous, meaning they can be enjoyed by everyone, regardless of whether they contribute to their provision.

Protective Function

Activities carried out by the government to safeguard the economy and its agents, such as regulation and enforcement.