Which statement is true?

A) Natural monopolies may occur in theory,but there are virtually no actual examples in today's economy.
B) All forms of a monopoly are illegal in the United States.
C) Many public utilities are natural monopolies.
D) None of these statements are true.

Natural Monopolies

Market situations where due to high fixed costs or unique resources, a single firm can supply a product or service more efficiently than any potential competitor, often resulting in regulation.

Public Utilities

Companies that provide essential services such as water, electricity, and gas to the public and are often subject to regulatory oversight.