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Describe and examine the concept of natural monopoly.
a) How is a natural monopoly definite?
b) Describe and examine advantages and disadvantages of setting a regulated natural monopoly's price to either marginal or average cost, respectively.
c) Name three (possible) real-life natural monopolies of your choice. Why are they natural monopolies?
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Illustrate a graph which defines the equilibrium price of cell phones. Describe what the graph is showing. When the new manufacturer introduces the Robo cell phone to the market
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http://www.expertsmind.com/question/?pi=it-management-3011965
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