Question
An electric company services an entire community of homes and businesses. When electricity rates start to go up, customers begin complaining that the company is
An electric company services an entire community of homes and businesses. When electricity rates start to go up, customers begin complaining that the company is leveraging its role as the sole supplier of electricity to charge more to its customers. Which of the following is true?
A) The company is essentially free of blame because its monopoly was an innocent acquisition.
B) The company is essentially free of blame because it would be unreasonable for more than one company to try supplying electricity in one community.
C) The company is guilty of seeking a monopoly and must recompense its customers.
D) The company is guilty of seeking a monopoly, and a court may seek legal sanctions.
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