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List and Give Examples of Each of the General Environment

question 9

Short Answer

List and give examples of each of the general environment sectors.


Definitions:

Natural Monopoly

An industry in which a single firm can provide cheaper service than could several competing firms.

Local Electric

Refers to the provision and consumption of electricity in a specific geographical area, often managed by a local utility company.

Cable TV

A system of delivering television programming via coaxial cables to subscribers, offering a variety of channels and services.

Average Total Cost

The total cost divided by the number of units produced, representing the cost per unit of output.

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