Which of the Following Is the Best Example of a Natural

question 321

Multiple Choice

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

• A) ownership of the only ferry across Puget Sound for twenty miles
• B) the United States Postal Service
• C) the cable television company in your hometown
• D) owning the only licensed taxicab in town
• E) producing a patented drug

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Definitions:

Exact Tender

The requirement for a payment in the precise amount owed, without needing change.

Customary

Practices or actions that are accepted and expected within a particular community or society, based on traditions or long-standing use.

Frustrated

In legal terms, it refers to a contract or agreement that has become impossible to execute as initially intended due to unforeseen circumstances.

Antique Japanese Sword

A traditional and historical Japanese sword, such as a katana, that is of significant age, valued for its craftsmanship and historical importance.