Question

An example of a natural monopoly product is...?
1) electricity service
2) an automobile
3) a grocery store
4) gasoline

Answer 1

An example of a natural monopoly product would be "Gasoline" because there are several companies who use the one national network. Therefore, gas is a natural monopoly at the distribution stage, but at the retail stage, it is possible to have competition.

Answer 2

Answer:

Actually, the other person is wrong. The answer should be 1 or A, an electricity service.

Explanation:

I just got 100% on the test using this answer.