This school of thought holds that the most cost-efficient way of doing business is through a single firm because these are capital-intensive businesses with unusually large economies of scale and high fixed costs associated with building and operating the infrastructure, e.g. Public utilities have historically been considered to be a natural monopoly. Due to the telephone service having been considered a public utility, the Federal Communications Commission made broadband internet access a public utility in the United States. The Federal Communications Commission in the United States in 2015 made their stance on this issue clear. Since arguably broadband internet access has taken over telephone service, perhaps it should be a public utility. This is a question that was being asked due to the telephone service being considered a public utility. Whether broadband internet access should be a public utility is a question that was being discussed with the rise of internet usage. Of these, wind turbines and solar panels are those used most frequently. Modern public utilities may also be partially (or completely) sourced from clean and renewable energy in order to produce sustainable electricity. Other companies specialize in one specific product, such as water. Some, especially large companies, offer multiple products, such as electricity and natural gas. There are many different types of public utilities. Though it can be mentioned that these natural monopolies are handled or watched by a public utilities commission, or an institution that represents the government. In other words, these industries are characterized by economies of scale in production. If the infrastructure already exists in a given area, minimal benefit is gained through competing. ![]() For example, if many companies are already offering electricity, the additional installation of a power plant will only disadvantage the consumer as prices could be increased. ![]() A monopoly can occur when it finds the best way to minimize its costs through economies of scale to the point where other companies cannot compete with it. The transmission lines used in the transportation of electricity, or natural gas pipelines, have natural monopoly characteristics. Public utilities are meant to supply goods/services that are considered essential water, gas, electricity, telephone, and other communication systems represent much of the public utility market. Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies. A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure).
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