Examlex
A(n) resource is one that is naturally replaced by biological or physical processes.
Red Beryl
A rare mineral that is red in color and is composed of beryllium, aluminum, and silicate.
Monopoly Power
The ability of a single seller in a market to control the prices of goods or services, usually due to lack of competition.
Local Water Company
A utility firm responsible for the supply and management of water within a specific local area.
Natural Monopoly
A market structure where a single firm can provide a product or service at a lower cost than any potential competitor, often due to economies of scale.
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