The Reason to Regulate Utilities Instead of Using Antitrust Laws

question 111

Multiple Choice

The reason to regulate utilities instead of using antitrust laws to promote competition is that a utility is usually a

• A)profit-maximizing monopoly.
• B)producer of externalities.
• C)revenue-maximizing monopoly.
• D)natural monopoly.

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Definitions:

Retailers

Businesses or individuals that sell goods directly to consumers, often purchasing products from manufacturers or wholesalers.

Materials Handing

The process of moving, safeguarding, storing, managing, and overseeing materials and goods during production, storage, distribution, usage, and disposal.

Wholesaling Functions

Activities involved in selling goods in large quantities at lower prices to retailers or other businesses for resale.

Customer Service

The support and assistance provided by a company to its customers, often aimed at enhancing satisfaction, resolving issues, and fostering loyalty.