Examlex
Group discussion often results in members of a group shifting to a more extreme position in whatever direction they were leaning initially. What is this phenomenon called?
Natural Monopoly
A market structure where a single company can supply a product or service more efficiently than any potential competitor due to factors like economies of scale.
Government-Owned
Assets, businesses, or entities that are owned and operated by a government rather than by private individuals or companies.
Cable Television
A system of delivering television programming through coaxial cables or fiber-optic cables to consumers, offering a wide range of channels and services.
Natural Monopoly
A market situation where due to the high costs of entry or unique resources, one provider effectively serves the entire market, making competition unfeasible.
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