Public utilities are usually identified as monopolies. With whom does your local electric utility compete? Are they the only provider in their

 Public utilities are usually identified as monopolies. With whom does your local electric utility compete? Are they the only provider in their marketplace? Would consumers benefit if the market was more competitive? Explain your rationale.

Running Head: ECONOMICS 1 Economics: Public UtilitiesNameInstitutionCourse instructor ECONOMICS 2 Economics: Public UtilitiesMost of the public utilities are monopolies because they are…