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Decreasing Cost Industry And Utilities As Natural Monopolies

Question

1.    Which of the following industries is likely to be a decreasing-cost industry?       
A)    Textiles       
B)    Energy       
C)    Beer       
D)    cell phones
    
2.    Utilities have traditionally been considered natural monopolies due to a lack of economies of scale.       
A)    True       
B)    False
    

Summary

These multiple choice questions belong to Economics. The 1st question is about decreasing cost industry and the 2nd question is about finding true or false for a statement about utilities being considered natural monopolies.

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