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Student06 Student06
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6 months ago

A local government prevents any firm from competing with a natural monopoly firm. Those people who believe this is a wise policy action would likely say



▸

this is a desirable state of affairs since if competition is allowed, the natural monopoly firm will out compete all newcomers and in the end the newcomers will go out of business.



▸

the public doesn't want more than one company to produce certain goods that it buys.



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the first company that provides a certain good to the public should have the right to produce that good without competition from others.



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if competition is allowed, no firm in the industry will be able to earn profits.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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michaelfidanzamichaelfidanza
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6 months ago
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Student06 Author
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6 months ago
Correct Slight Smile TY
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