e) Natural monopoly

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Last updated 8:37 PM on 6/28/26
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4 Terms

1
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  • define natural monopoly

  • when a firm is a monopoly because it makes the most sense to only have one firm in the market

2
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  • state the reasons for a natural monopoly

  • high fixed costs

  • infrastructure complexities

3
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  • n/a

  • n/a

4
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