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Briefly Explain How a Natural Monopoly Arises

question 39

Essay

Briefly explain how a natural monopoly arises.


Definitions:

Observations

The action or process of closely monitoring or noticing something or someone, often to gain information.

Scientific Method

A systematic procedure of observation, measurement, experiment, formulation, testing, and modification of hypotheses.

State A Problem

Involves articulating or identifying a specific issue or challenge that needs resolution or attention.

Significantly Higher Scores

Results or assessments that are markedly above average or exceed a predefined threshold.

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