Topic: Real-World Monopolies
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly.
- What characteristics of the industry make it a monopoly?
- What is the impact of the monopoly power on its customers?
- Why might government want to regulate natural monopolies?
- How might such regulation be structured?
Please see attached. Unit 9, and there is one to assist you to complete the assignment. Unit 8 is halfway done just please finish the rest but unit 9 is a must so it want be late.