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When Used with a Natural Monopoly,an Average Cost Pricing Rule

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When used with a natural monopoly,an average cost pricing rule results in


Definitions:

Performance-centred

Focused on improving or optimizing the effectiveness of an individual's or group's work output.

On-the-job Training

Practical training provided to employees at the workplace while they are doing their jobs, allowing them to acquire new skills and competencies.

Workplace

The physical or virtual location where work is carried out, including offices, factories, or online platforms.

Labour Costs

The total amount of money that businesses need to pay to their employees, including wages, salaries, and benefits.

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