Why do governments regulate natural monopolies? To allow only certain consumers to have access to goods and services To have access to the resources when national security is at risk To prevent prices from rising too high and to increase efficiency To prevent single suppliers from continuing to dominate a market

Question

Hezekiah Bautista

Business

22 November, 11:20

Why do governments regulate natural monopolies? To allow only certain consumers to have access to goods and services To have access to the resources when national security is at risk To prevent prices from rising too high and to increase efficiency To prevent single suppliers from continuing to dominate a market

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Mylie Ewing · Answer 1

The answer to this would be the 4th option. Because monopolies allow businesses to compete against each other for profit and reputation. Without monopolies, people would only choose one company over the other because it just is more superior. Monopolies is what make businesses grow, and unfortunately, they aren't a good thing at times.