Business, 11.12.2019 06:31 alex6111

Anatural monopoly is one that: monopolizes a natural resource such as a mineral spring. has increasing returns to scale over the entire relevant range of output. typically has low fixed costs, making it easy and "natural" for it to shut out competitors. is based on control of something occurring in nature (such as diamonds).

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Anatural monopoly is one that: monopolizes a natural resource such as a mineral spring. has increas...

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