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Topic: Real-World Monopolies Describe an example of a real-world industry or market that would be considered by...

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Economics

Topic: Real-World Monopolies

Describe an example of a real-world industry or market thatwould be considered by economists to be a natural monopoly.

  1. What characteristics of the industry make it a monopoly?
  2. What is the impact of the monopoly power on its customers?
  3. Why might government want to regulate natural monopolies?
  4. How might such regulation be structured?

Answer & Explanation Solved by verified expert
4.1 Ratings (573 Votes)
A Natural monopoly is a monopoly in an industry where a very high infrastructure cost gives a firm often the first entrant an advantage over other potential entrants and hence gives them monopoly power An example of a realworld industry or market that could be considered as Natural monopoly is the Water Supply of your area The most    See Answer
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