alyssaburleson
Answered

Which reason best explains the purpose of natural monopolies?

To avoid surpluses and shortages points

To control prices and avoid surpluses

To ensure efficiency and reliability in production

To reduce competition and control prices

Verified Answer :

Greenleafable

The correct answer is To reduce competition and control prices


The purpose of a natural monopoly is to ensure the lowers possible prices which would not be able in a competing society.

I believe the answer is: To ensure efficiency and reliability in production

.

In natural monopolies, only one organization exist to control the selling and production of one type of product. Which mean the organization could afford to make amount the product whenever it please since there is no other competitors that the consumers could go to.

Related Questions