One Answer to the Problem of Natural Monopoly Is Provision

question 61

Essay

One answer to the problem of natural monopoly is provision of the good by a government-owned and operated firm. Why is that option not used very often?

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Definitions:

Flexibility

The ability to adapt to new, different, or changing requirements.

Flexion

A bending movement around a joint in a limb (like the knee or elbow) that decreases the angle between the bones of the limb at the joint.

Clenching

The action of closing or holding tight, particularly referring to jaws or fists.

Walker

A mobility aid consisting of a frame that is used for support and stability by individuals with balance, strength, or walking difficulties.