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A natural monopoly can arise when a single firm has equal or greater average total costs than two or more firms.
Percent
A mathematical term representing a part per hundred, used to describe proportions or compare quantities.
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Diagrams or images used to illustrate the steps in a process or how something works.
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Written words or content presented in a book, document, online, or other mediums.
Audience
The group of people who are the intended recipients of a message, performance, or piece of media.
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