Question: Explain how and why governments may want to regulate the price setting of a natural monopoly.
(Answer the following question ensuring that you apply economic principles or theory related to the concepts of benefits, costs and market structure in which a firm operates to inform your analysis and support your decisions. Communicate your ideas with correct grammar, spelling and writing style and support your answer with diagrams and illustrative examples as necessary.You are encouraged to make use of additional sources. Sources used in your answer should be fully referenced in APA 6th style.)