A pure monopoly is made a government franchised monopoly and why is it regulated because one of the following?

Select one:

a. The communists in our government are trying to subvert the American way of life.

b. Private unregulated monopolies are unable to establish their prices.

c. Having more than one firm in the industry would be inefficient and incnvenient to customers, but not regulating the industry might produce economic profit.

d. The law says that the federal goverment must regulate all pure monopolies, regadless of what they produce.