2015 · Q78
Which one of the following is an example of a 'natural monopoly'?
General KnowledgeIndian Economy
- AIndian Airlines
- BDelhi Jal Board
- CDelhi Transport Corporation
- DSteel Authority of India
Explanation
A natural monopoly arises where a single provider can serve the entire market at lowest cost — the classic case being a piped water utility like the Delhi Jal Board, whose distribution network cannot be economically duplicated. Airlines, city bus transport, and steel production all face actual or potential competition. Hence B.