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11 March, 05:17

Electric providers like Edison are an example of what specific type of monopoly

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  1. 11 March, 05:40
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    Electric providers are an example of natural monopoly, as a specific type of monopoly in which having a single firm that produces certain a product or service results in costs minimization. Having multiple suppliers of the product or service would be wasteful. In this case, electric providers should build network infrastructure which is non-sense. Another examples include city water, natural gas, ...
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