Which Statement Is True

question 93

Multiple Choice

Which statement is true?

• A)Natural monopolies may occur in theory,but there are virtually no actual examples in today's economy.
• B)All forms of a monopoly are illegal in the United States.
• C)Many public utilities are natural monopolies.
• D)None of these statements are true.

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Definitions:

Advocate

An advocate is a person who publicly supports or recommends a particular cause or policy, or in legal terms, one who represents a party in a court case.

Client's Claim

A demand or assertion made by a client, usually in a legal context, concerning their rights or assets.

Unbiased Analysis

An impartial examination or evaluation of data or facts, free from bias or favoritism.

Advocate

A person who publicly supports or recommends a particular cause or policy, or who argues for the adoption of laws or policies.