SEU Microeconomics Electricity & Cable TV Industries & Natural Monopoly Discussion

Question Description

Q: Why do industries like electricity or cable TV have just one or two major firms while other industries like restaurants or clothes have hundreds or thousands? What might be a general difference that leads to some industries having many firms while others are dominated by just one or two?

Instructions PLEASE READ THEM CAREFULLY

Use your own words and be sure to support your statements with logic and arguments.

Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

Afteranswering the main question chose 2 of the 6 comments (attached), putyour reply regarding the comment that you chose and mention the commentyou chose.

Avoid the usual replies like (great job, amazing work. etc.) in your replies.
Your reply better to be from economic perspective

You can find the comments attached in word file

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