A utility (such as a power company) which controls all services in a designated area is called aa) trust.

b. cartel.

c. natural monopoly.

d. devised oligopoly.

Question

Diamond Mcclain

Business

12 April, 06:51

A utility (such as a power company) which controls all services in a designated area is called aa) trust.

b. cartel.

c. natural monopoly.

d. devised oligopoly.

+3

Answers (1)

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Tess Prince · Answer 1

Natural monopolists would be responsible for controlling the services in a designated area. In addition to that, although it requires much higher fixed costs, a monopoly would eventually yield more profits because no other industry is competing with it. They would have this huge advantage to control the price of their goods and services.

A utility (such as a power company) which controls all services in a designated area is called aa) trust.b. cartel.c. natural monopoly.d. devised oligopoly.

A utility (such as a power company) which controls all services in a designated area is called aa) trust.

b. cartel.

c. natural monopoly.

d. devised oligopoly.