Describe an example of a real-world industry or market that would be considered by economists to be

| December 4, 2017

Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly.a. What characteristics of the industry make it a monopoly?b. What is the impact of the monopoly power on its customers?c. Why might government want to regulate natural monopolies?d. How might such regulation be structured?

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