Chapter 14 Test yourself questions.docx - Chapter 14 Test...

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Chapter 14 Test yourself questionsWhy is an electric company in a city often considered to be a natural monopoly?What would happen if two competing electric companies were established? Howabout telephone companies? How can changes in technology affect youranswer?
3. In some regulated industries, regulatory agencies prevented prices fromfalling, and as a result many firms opened for business in those industries. Inyour opinion, is this kind of regulation competitive or anticompetitive? Is it agood idea or a bad one?

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Term
Fall
Professor
Smith

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