What is the difference between monopolies and natural monopolies?

What will be an ideal response?


Students should explain that natural monopolies happen in sectors of the economy in which competition would actually raise costs and reduce efficiency.

Political Science

You might also like to view...

In the Global South,

a. most people live in urban areas. b. infant mortality rates are the lowest in the world. c. agriculture remains the dominant form of productive activity. d. None of these are true.

Political Science

Which of the following describes a feature of block grants, and one that is preferred by states?

A) federal formulas for distribution B) strict regional planning requirements C) greater administrative flexibility D) targeted for very specific purposes

Political Science

State legislators are more likely to come from upper-class backgrounds and have high levels of education

Indicate whether this statement is true or false. True

Political Science

Attempting to forestall passage of a bill by tactics such as asking a large number of trivial questions or raising many points of order about preceding bills to delay the entire legislative process is known as

a. tagging. b. discharge. c. markup. d. chubbing. e. oversight.

Political Science