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When a[n] _______________ privilege exists,one cannot be sued for defamation for any false statements made,regardless of intent or knowledge of the falsity of the claim.
Natural Monopoly
A market condition in which a single firm can provide a product or service at a lower cost than any potential competitors, often due to economies of scale.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of the operation increases.
Exclusive Franchise
A business arrangement granting a single entity the right to market a company's goods or services within a specified territory.
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