Recall the application about the British experience with private water firms in the 19th century,what does the water privatization show in terms of the distribution of water?
A)The water is a best managed when the government takes control.
B)The water is a natural monopoly.
C)The water distribution is optimized when the price is fixed.
D)none of the above

Question

Quizplus · Accepted Answer

The experience with private water firms in the 19th century shows that water is a natural monopoly, which means that it is best managed when there is one provider rather than multiple competing firms. Privatization can lead to unequal distribution of water and higher prices for consumers, as private firms prioritize profit over access to water as a basic necessity. Therefore, it is important for the government to regulate and control the distribution of water to ensure equal access for all citizens.

Recall the Application About the British Experience with Private Water