Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Sometimes, monopoly forms, such as in the market for water or electricity. it would be inefficient for more than one company to be in this market. however, to prevent companies from charging outrageously prices, these industries are regulated by the .

Sagot :

Answer: Sometimes, a natural monopoly forms, such as in the market for water or electricity. It would be inefficient for more than one company to be in this market. However, to prevent companies from charging outrageously high prices, these industries are regulated by the government.

Explanation: