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What makes utilities such as water or electricity a good example of a natural monopoly?

Utilities like water and electricity are considered natural monopolies because they involve high fixed costs and it is more efficient to have one provider due to economies of scale.


What are some examples of natural monopolies and how do they impact the market?

Natural monopolies are industries where a single company can provide goods or services more efficiently and at a lower cost than multiple companies. Examples include water and electricity utilities. These monopolies can impact the market by potentially limiting competition, leading to higher prices and reduced consumer choice. Regulatory oversight is often necessary to ensure fair pricing and access for consumers.


Which statement BEST describes a benefit of natural monopolies like utilities?

One company controls all the means of production of a product. Hope I'm helpful!


What services are offered by Avista Utilities?

Avista Utilities is an energy company. Avista Utilities distributes natural gas and transmits electricity. This company also provides energy solutions for commercial, residential, and industrial customers.


Can you have examples of natural resources that are used to make electricity?

the shock helps it


What are the four types of monopolies?

natural, geographic, technological, government


What do monopolies tend to result in?

in most cases monopolies tend to result in higher prices and lower quantities of supply in the market, thereby destroying a little of what is known as consumer surplus. however in one case, the case of a natural monopoly, the presence of a monopoly leads to lower prices and higher quantity supplied because of the immense fixed cost required for the industry (examples are electricity).


What is public ownership of utilities?

Public Utilities include electricity, natural gas, water, and sewage.The sectors are specially regulated by a public utilities commission. Public utilities provide services at the consumer level.


How would you describe natural monopolies?

When private firms gain monopoly power, usually because of economies of scale, they are in a position to restrict production and raise price with little worry of competition; these are known as natural monopolies.


Where does electricity in markham come from?

Electricity in Markham comes from a variety of sources, including nuclear, natural gas, hydroelectric, and renewable energy sources like wind and solar. The main electricity provider in Markham is Alectra Utilities, which distributes power to homes and businesses in the area through its extensive grid.


How much are the utilities for a 2 bedroom condo in Hyde Park NY?

You can ask a local realtor for the information you want. There is no standard, because there is no definition as to what is included in 'utilities'. The umbrella term could include electricity, natural gas, water, sewer, rubbish and recycling fees and so forth.


Give five examples of natural resources in it industry?

The five industries that run on natural resources are :The petroleum industry.The power industryJewellery IndustrySteel IndustryHydro Electricity generation.