describe and examine the concept of natural, Management Theories

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describe and examine the concept of natural

Describe and Examine the concept of natural monopoly.

a) How is a natural monopoly definite?

b) Describe and discuss benefits and drawbacks of setting a regulated natural monopoly's price to either marginal / average cost, respectively.

c) Name 3 (possible) real-life natural monopolies of your choice. Why are they natural monopolies?

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