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Electricity and Water Are Usually Supplied to Households by One

Question 42

Multiple Choice

Electricity and water are usually supplied to households by one supplier because:


A) the government can collect more taxes from a monopoly firm.
B) the single supplier can provide electricity and water at lower cost than two or more firms.
C) long-run average total cost increases over the entire range of output.
D) it is a monopoly protected by the ownership of vital resources.

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