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What is a key criterion involved in deciding a natural monopoly?
Product Defect
A flaw or fault in a product that could make it dangerous or fail to perform its intended purpose.
Ordinary Consumer
An average or typical user of goods or services, used as a standard in legal settings for consumer protection.
Expert Testimony
A form of evidence provided by an individual with specialized knowledge or expertise relevant to a particular case or issue.
Product Liability Suits
Legal claims brought against manufacturers, distributors, suppliers, or retailers for damages that consumers suffer because of defects in goods.
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