Why do the major utility companies get away with having a monopoly?

  1. BukowskiBabe profile image85
    BukowskiBabeposted 6 years ago

    Why do the major utility companies get away with having a monopoly?

  2. Brupie profile image71
    Brupieposted 6 years ago

    I don't think "get away with" is entirely appropriate.  Most utilities companies are highly regulated by state or regional boards or commisions.  They frequently have to get permission to raise rates.

    Why they have monopolies is a practical matter.  Can you imagine the nightmare of having multiple competing companies working in the same neighborhood  stringing up power lines or digging up streets for water services?

  3. BukowskiBabe profile image85
    BukowskiBabeposted 6 years ago

    Thank you for responding with your common sense reply. I never thought of it that way.

 
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