Which of the Following Would Probably Not Be Considered a Natural

question 127

Multiple Choice

Which of the following would probably not be considered a natural monopoly?

• A)a municipal water company
• B)the local telephone industry
• C)the cable television industry
• D)natural gas and electric companies
• E)the automobile industry

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Definitions:

Importing Products

Activities involving the bringing of goods or services from a foreign country into a domestic market.

Major Exports

Products or services that a country sells to others, which constitute a significant portion of its total exports and are crucial to its economy.

Production Resource Intensities

A term used to describe the amount of resources (labor, materials, energy) required to produce a specific good or service.

Goods and Services

The tangible products (goods) and intangible activities (services) that are produced and consumed by the economy.