Answer:
Yes there is an advantage to having monopolies and trusts in Texas today.
Explanation:
Monopoly is defined as the exclusive control of the supply of trade in a commodity or service. There is only business and no competition occurs.
A trust is a combination of two or more business placing themselves as one business. They normally have a single manager which controls the affairs of the business.
Monopoly and trusts have advantage such as consistent and regular supply of a commodity which is too expensive to provide in a competitive market. The electric and water companies are good examples of a needed monopoly. This helps in cutting cost for the government because setting up more plants to be controlled by other companies will be expensive. The Government gives a company to run the affairs of the existent plants.
