Which reason best explains the purpose of natural monopolies?
To avoid surpluses and shortages points
To control prices and avoid surpluses
To ensure efficiency and reliability in production
To reduce competition and control prices

The correct answer is To reduce competition and control prices

The purpose of a natural monopoly is to ensure the lowers possible prices which would not be able in a competing society.

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andriansp andriansp · Answer 2 · 2018-07-29T04:57:52+02:00

andriansp andriansp

29-07-2018

I believe the answer is: To ensure efficiency and reliability in production

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In natural monopolies, only one organization exist to control the selling and production of one type of product. Which mean the organization could afford to make amount the product whenever it please since there is no other competitors that the consumers could go to.

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Which reason best explains the purpose of natural monopolies? To avoid surpluses and shortages points To control prices and avoid surpluses To ensure efficiency and reliability in production To reduce competition and control prices

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Which reason best explains the purpose of natural monopolies?
To avoid surpluses and shortages points
To control prices and avoid surpluses
To ensure efficiency and reliability in production
To reduce competition and control prices