Fill in the correct labels for the following figure using the word bank below.
-D ___________
Definitions:
Natural Monopoly
A market condition where a single firm can supply a good or service to an entire market at a lower cost than could two or more firms.
Natural Monopoly
A market structure where a single supplier is most efficient in providing goods or services due to high fixed or startup costs.
Lower Prices
A market condition where goods or services are offered for sale at reduced costs, often due to surplus supply, decreased demand, or competitive strategies.
Barriers to Entry
Obstacles that make it difficult to enter a certain market or industry, which may include high startup costs, strict regulations, or strong competitor presence.
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