What are some of the challenges caused by a natural monopoly? Check all that apply.

What are some challenges caused by a natural monopoly? Check all that apply.

A. It can raise prices without concern for customers B. It is unable to serve all of the customers in market C. It lacks incentive to improve its goods and service D. It might not increase production if it cannot make a profit E. It cannot be controlled by the government or other outside forces

Answer:

Some challenges caused by a natural monopoly are:

A. It can raise prices without concern for customers C. It lacks incentive to improve its goods and service D. It might not increase production if it cannot make a profit

Explanation:

A natural monopoly is a sort of syndication that exists because of the high beginning up costs or amazing economies of the size of the leading business in a particular industry. It emerges because of economies of scale. has a high fixed expense for an item that doesn't rely upon yield, yet its minimal expense of delivering one all the more great is generally steady, and little.

It tends to be scrutinized as a result of their latent capacity negative impacts on the buyer, including Raise costs without worry for clients, Lacks the motivator to improve its merchandise and administration, Not build creation on the off chance that it can't make a benefit.