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Which of the following are three reasons newspapers are shifting away from public affairs to popular entertainment?
Natural Monopolies
Industries where a single firm can supply a good or service to an entire market at a lower cost than two or more firms could, often due to economies of scale.
High Set-up Costs
Initial investments or expenses that are necessary to start a business or manufacturing process, which can act as a barrier to entry for new firms.
Industry
A sector of the economy that produces a specific type of goods or services, characterized by shared production processes or products.
Exclusive Right
A legal provision or agreement granting someone the sole authority to use, sell, or license a product, service, or intellectual property.
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