How can you justify the existence of government-granted monopolies for public utilities such as natural gas distribution and electricity in the light…

How can you justify the existence of government-granted monopolies for public utilities such as natural gas distribution and electricity in the light of traditional economic argument that the more competition there is, the more likely it is that an efficient allocation of resources will occur?

The existence of government-granted monopolies for public utilities such as natural gasdistribution and electricity can be justified in the light of traditional economic argument that themore…