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describe and examine the concept of natural

Describe and examine the concept of natural monopoly.

a) How is a natural monopoly definite?

b) Describe and examine advantages and disadvantages of setting a regulated natural monopoly's price to either marginal or average cost, respectively.

c) Name three (possible) real-life natural monopolies of your choice. Why are they natural monopolies?

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Management Theories: describe and examine the concept of natural

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