Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Why does it make sense that Springfield's downtown subway system, when completed, will operate as a natural monopoly?
Select one:
o because monopolies are always better
o because enormous infrastructure costs make competition impractical
o because Lisa patented the technology behind it
o because public transportation is never profitable

Sagot :

As big infrastructure costs make any competition impractical so it will operate as a natural monopoly.

A natural monopoly is a type of monopoly that occurs as a result of unusual circumstances in which high start-up costs and significant economies of scale result in only one firm being able to efficiently provide the service in a given territory. A natural monopoly company may be the sole provider, product, or service in an industry or geographic location. Natural monopolies are permitted when a single company can provide a product or service at a lower cost than any potential competitor, but they are frequently heavily regulated in order to protect consumers.

Learn more on monopoly here-

https://brainly.com/question/5992626

#SPJ9

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.