An Example of a Natural Monopoly Is

question 166

Multiple Choice

An example of a natural monopoly is

• A) a house.
• B) the Internet.
• C) air traffic control.
• D) fish in the ocean.

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Definitions:

Sales Journal

A special journal that records all sales of merchandise on account.

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, containing all the financial accounts and transactions.

Reference Column

An additional column in financial documents used to include explanatory notes or cross-references.

Manual Accounting Systems

Traditional methods of maintaining financial records and calculations by hand or using basic software, without automated processes.