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A real-world example of a natural monopoly is your electric/natural gas provider. Both natural and market monopolies control their aspect of business. There are few firms to provide that good or service. The impact as a customer means that I am dependent on that company to provide my good or service and I have basically no other choice. Now it may seem like I have other choices as far as my electric, but that is not the case. I do have options as to who delivers my electric, but it still comes from the same place. In some states electric companies are regulated to prevent higher prices than necessary while other states have chosen not to regulate in hopes of new companies emerging to help with cost (Krugman and Wells, 2020). I feel that regulation should be required as corporate greed is more prevalent now than ever before and the lower income class should not have to choose if they can afford to heat their house.