Question

what is the american concept of public utility ?

Answer 1

Answer:

In the United States, Public Utilities are often natural monopolies because the infrastructure required to produce and deliver a product such as electricity or water is very expensive to build and maintain.

As a result, they are often government monopolies, or if privately owned, the sectors are specially regulated by a public utilities commission.

The first public utility in the United States was a grist mill on Mother Brook in Dedham, Massachusetts.

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