Which of the Following Is an Example of Natural Monopoly

question 355

Multiple Choice

Which of the following is an example of natural monopoly?

• A) cellular phone companies in a large city
• B) local water utility companies
• C) major league sports franchises in the largest cities
• D) All of the above are natural monopolies.

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Definitions:

Miles

Miles is a unit of length, most commonly equivalent to 5,280 feet or approximately 1.609 kilometers, used primarily in the United States.

Millimeters

A metric unit of length equal to one thousandth of a meter.

Meters

A unit of length in the metric system equal to 100 centimeters, used worldwide to measure distance.

Millimeters

A unit of measurement for length that is equal to 0.001 meters.