Which of the Following Is an Example of a Natural

question 118

Multiple Choice

Which of the following is an example of a natural monopoly?

• A) Public utilities
• B) Agriculture
• C) Network television
• D) The automobile industry

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period, reflecting a rise in national income and standard of living.

Tax Rate

A tax rate is the percentage at which an individual or corporation is taxed.

Fiscal Policy

Government policies related to taxation and public spending with the aim of influencing economic conditions, including levels of employment, inflation, and economic growth.

Market Rates

Market rates are the current prices or interest rates determined by the supply and demand dynamics in the marketplace for goods, services, or financial instruments.