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Discuss the Effects of Technological Change on the Elimination of Natural

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Essay

Discuss the effects of technological change on the elimination of natural monopolies.


Definitions:

Existing Equipment

Machinery or tools that are currently owned or in use by an organization or individual.

Knowledge

Information, understanding, or skill that one gets from experience or education; awareness or familiarity gained by experience of a fact or situation.

Competitively Superior Fit

A strategic alignment where a company's products or services match customer needs better than competitors, providing a competitive advantage.

Changing Environment

A situation where external and internal factors that affect an organization or individual's performance evolve over time.

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