How can you justify the existence of government-granted, Ask an Expert

Economics

How can you justify the existence of government-granted monopolies for such public utilities as local telephone service, natural gas distribution, and electricity in the light of the traditional economic argument that the more competition there is, the more likely it is that an efficient allocation of resources will occur?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M967816

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