Respuesta :
Government policy only permits market expansion and ultimately price and operation restrictions, creating a natural monopoly.
How is a natural monopoly subject to governmental regulation?
There are usually regulatory organizations in place in each sector to serve as the general public's watchdog in cases where the government authorizes natural monopolies. Utility regulation is often the responsibility of public commissions or state-run departments of public utilities.
What exactly does the government define as a monopoly?
There is no room for competition because a certain good or service is only provided by a government organization or business. Economics refers to this position as a public or government monopoly. Government established, controls, and owns this monopoly.
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