Examlex
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Wal-Mart
A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.
Natural Monopoly
A market condition where due to high fixed costs or unique product, a single firm can supply a product or service to an entire market at a lower cost than two or more firms.
Public Utility
A company providing essential services such as water, electricity, and telecommunications to the public, often regulated by the government.
Unnatural Monopoly
A market structure where a single company dominates due to artificial barriers, such as regulations or patents, rather than market forces.
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