Which of the Following Industries Is a Good Example of a Natural

question 25

Multiple Choice

Which of the following industries is a good example of a natural monopoly?

• A) water systems
• B) operating system software
• C) military equipment sold to the federal government
• D) none of the above

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Definitions:

Capital Intensive

Refers to businesses or industries that require large amounts of money and resources to produce goods or services.

Service-Related

Pertaining to activities or businesses that focus on providing services, rather than producing goods, to customers or clients.

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Forward Scheduling

A planning method that begins scheduling from a known start date and then adds tasks sequentially to determine project completion date.