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Use the following to answer questions:
Figure: Water Works
-(Figure: Water Works) Look at the figure Water Works, which describes a small town's water works, a natural monopoly. If the water works is unregulated and maximizes profit, what price will it charge to each customer?
Breakdowns
Unexpected failures or malfunctions of equipment or systems that disrupt operations or processes.
Pickering Nuclear Station
A Canadian nuclear power plant located in Pickering, Ontario, known for generating electricity through nuclear reactions.
Maintenance Practices
Scheduled procedures and routines followed to keep equipment and facilities in good working condition, aiming to prevent unexpected failures.
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