1 Private enterprise requires the presence of all the following except a. competition b. private property c. profits d. high-quality goods and services 2 An example of a natural monopoly is a. an...

1 Private enterprise requires the presence of all the following except

a. competition

b. private property

c. profits

d. high-quality goods and services

2 An example of a natural monopoly is

a. an environmental company

b. a bottled water company

c. a water utility

d. both B and C