The major disadvantage of rate regulation of natural monopolies is that: a. natural monopolists spend too much time lobb

[answerhappygod]

The major disadvantage of rate regulation of naturalmonopolies is that:
a.
natural monopolists spend too much time lobbying forhigher rates.
b.
unlike a competitive firm, the natural monopoly has toomuch incentive to increase efficiency.
c.
the regulatory bureaucracy grinds slowly and generatesregulatory lags.
d.
state public service commissions are poorly staffed andsupervised.
e.
natural monopolists spend too much money onphilanthropic activities.