What is a natural monopoly, Microeconomics

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What is a natural monopoly

Problem

What is a ‘‘natural monopoly''? Why does electric power distribution or local telephone service have the characteristics of a natural monopoly? Why might this be less true for electric power generation or long-distance telephone service?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is a natural monopoly

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