Water companies are categorized under utility providers. Therefore, they do not directly profit from the product or services they offer. This makes it unfavorable or other investors to invest in the business. Furthermore, the water industry has always been a regional monopoly following the privatization of the sector that cannot allow it to operate as a competitive market. The industry is regulated, and therefore consumers are left with no choice and cannot have other water suppliers to provide them with the product.
The market for searching for a life partner is not perfectly competitive. In this structure, both the buyers and sellers have perfect information about the market (Golod, 2021). If one is looking for a partner, they are not aware of the other partner’s character, and therefore they lack adequate information about the partner. Furthermore, in this market formation, it is assumed that the prices do not control the market, which is contrary to the search for a life partner. If an individual is wealthy, they stand a high chance of succeeding in the market for partners, unlike those who are not financially stable. In other words, the market favors people with enough money.
The best outcome for Dorcas and Sophia is when both agree to clean the room together, where they will take only two hours, and none of them will be exhausted. The worst outcome is when either Dorcas or Sophia chooses not to clean the room. They may not clean the room together because either of them might fear being overworked by the other due to variation in work rate, hence they will opt to clean the room independently.
Reference
Golod, I. (2021). The perfectly competitive market: A pinnacle in the development of the laws of classical economics. Cambridge Scholars Publishing.