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Which of the following is the best example of a natural monopoly?
A. A pharmaceutical company has a patent that prevents any competitors from competing with it.
B. A movie theater prohibits patrons from bringing in their own food or drinks and charges high prices at their snack bar
C. The hospital in a small town where the daily census of patients averages about 70% of capacity
D. Owning all of the orange properties and building hotels on them.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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