Which one of the following is an example of a 'natural monopoly'?
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Which one of the following is an example of a 'natural monopoly'?
✓ Correct answer: b) Delhi Jal Board
ExplanationKey Points- Delhi Jal Board is an example of natural monopoly and it is the most efficient provider in its industry.Explanation- Natural Monopoly is a type of monopoly where a single company is capable of providing a product or service at a cost which is lower as compared to its competitor in the industry.It arises due to natural market forces.Examples include industries related to electricity and water services.Hence the correct option is Option B i.e. Delhi Jal Board.
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