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Braedon Page
Business
11 April, 03:41
When does a natural monopoly arise?
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Shyla Pearson
11 April, 04:04
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Natural monopolies arise where the largest supplier in an industry, often the first supplier in a market, has an overwhelming cost advantage over other actual or potential competitors; this tends to be the case in industries where fixed costs predominate, creating economies of scale that are large in relation
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