Governments around the world are allowing competition in the production of goods and services that have historically been considered natural monopolies. Competition has been introduced in industries providing local telephone service and electricity. Why might the introduction of competition increase the efficiency of these industries?

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The Answer of Governments around the world are allowing competition in the production of goods and services that have historically been considered natural monopolies. Competition has been introduced in industries providing local telephone service and electricity. Why might the introduction of competition increase the efficiency of these industries?

Governments Around the World Are Allowing Competition in the Production