Which of the following is not a way that natural monopolies are regulated?

a. Government regulators determine an acceptable output.

b. Government regulators determine the price of the product.

c. Government regulators determine which patents the monopoly can retain.

d. Government regulators determine an acceptable profit.

Question

Social Studies

Tobias Kidd

17 October, 02:38

Which of the following is not a way that natural monopolies are regulated?

a. Government regulators determine an acceptable output.

b. Government regulators determine the price of the product.

c. Government regulators determine which patents the monopoly can retain.

d. Government regulators determine an acceptable profit.

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Answers (1)

Know the Answer?

Priscilla · Answer 1

c. Government regulators determine which patents the monopoly can retain.

Explanation:

The natural monopoly in the industry is the high cost of the barriers to entry into the market and is in relation to the market size and the monopolists facilitate competition and promote investment and system expansion and stable markets. These monopolies include the open-source licensed technology and cooperative managements and have massive growth were a single company controls the entire market. Thus focuses on the rising prices and the outputs and determines the profits.