Most Natural Monopolies Are Regulated at Some Level by Government

Multiple Choice

Most natural monopolies are regulated at some level by government because:

A) an unregulated natural monopolist would produce an inefficiently low level of output.
B) an unregulated natural monopolist would produce only for government bureaucrats.
C) an unregulated natural monopolist would charge an inefficiently low price in the market.
D) an unregulated natural monopolist would charge an inefficiently high price in the market.
E) an unregulated natural monopolist would produce a large quantity at a high price.