What Is the Defining Characteristic of a Natural Monopoly? Give

question 2

Essay

What is the defining characteristic of a natural monopoly? Give an example of a natural monopoly.

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Definitions:

Introduction

Introduction refers to the beginning or initial section of a document, presentation, or any form of communication designed to provide an overview or frame the subsequent content.

Illegal

Illegal refers to actions or activities that are forbidden by law.

Organize Unions

The process by which workers form or join labor unions to negotiate collectively with their employers for better wages, working conditions, and other employment terms.

Relay Contacts

The contacts of a relay that are either opened or closed according to the condition of the relay coil. Relay contacts are designated as either normally open or normally closed in design.