What characteristics of the industry make it a monopoly

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Reference no: EM13726735

Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly.

1. What characteristics of the industry make it a monopoly?

2. What is the impact of the monopoly power on its customers?

3. Why might government want to regulate natural monopolies?

4. How might such regulation be structured?

Reference no: EM13726735

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