Please help reply to these classmates post

Classmate 1)

Public sector monopolies are beneficial to society due to their universal access. Public sector monopolies can provide essential services that are availble to everyone. This helps to eliminate gaps in access that might exist if multiple private companies were competing in the market. Due to their government regulation, public sector monopolies such as electricity and water obey laws and operate in the interest of the public. This can also help costs stay low as operations remains in the same buildings. This allows for investments in infrastructure, research, and development that benefits society.

Classmate 2)

Monopolies are a kind of market where a solo company is the only producer or seller of an industry. The upside of monopoly is that one company has the advantage of providing to all consumers, leaving the consumers having to pay lower rates or fees for services. Compared to if there were multiple businesses in the same industry that all had to endure the high fee to start, companies now have to share and compete for customers. because fewer customers would be granted business than have to charge a more expensive fee (Dr. McGlasson, 2009). Public monopolies ensure that essential services like a utility that includes water, sewage, and gas, are readily available and affordable, especially when private companies may not make a profit. Public monopolies are regulated by the government causing the rates to be monitored to avoid the exploitation of consumers (Hayes, 2024).