Problem
Explain how some competition, even if not perfect, may be an improvement for consumers over an unregulated natural monopoly. Explain why such competition will not be as good for consumers as an extremely sophisticated regulator, and why it may be better than many real-world regulators.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.