Examlex
Briefly explain how a natural monopoly arises.
Logging Company
A business involved in cutting down trees, processing timber, and possibly engaging in forestry management and sales of wood products.
Secondary Sector
Part of the economy that involves industrial activity, including manufacturing and construction, that processes raw materials into finished goods.
Economy
The large set of interrelated production, consumption, and exchange activities that aid in determining how scarce resources are allocated.
Salmon Processing
The industrial activity of preparing salmon for market, involving cleaning, canning, freezing, or smoking the fish.
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