Question
Provide an example of a real-world industry or market that would be described by economists as a natural monopoly. Why might government want to regulate
Provide an example of a real-world industry or market that would be described by economists as a natural monopoly.Why might government want to regulate natural monopolies? Find a recent article on how the government is regulating that natural monopoly and provide a summary of that article along with a link to the article. Make sure you know the definition of a natural monopoly as most monopolies are not natural monopolies.
OR
Provide an example of a real-world industry or market (current or historical) or that is in the text that would be described by economists as a monopoly(near-pure or natural) and provide a summary of how that monopoly became a monopoly, how it maintained monopoly power, and if applicable, how it lost its monopoly power. Provide a link to your references.
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