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Public utilities are known as natural monopolies because they have economies of scale in the extreme case. More than one firm would be inefficient because the maze of pipes or wires that would result if there were competition among water companies or ca
utility called monopoly on. Naturally, because they have economies of scale in severe cases more than one company is inefficient because the maze of pipes or wires that would result if there is competition between companies, or cable companies
, copyright or ownership of the resource. necessary In the case of utilities, natural monopoly because of economies of scale to be complicated and time-consuming. If firms in the industry, with more than one company. Make production is inefficient.
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