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Discussion-natural monopolies

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Discussion: Natural Monopolies

Post a explanation of your selected industry's market structure, including support for your assertion. In your explanation, also address the following:

  • How do firms compete with each other in the industry, both in terms of price and non-price competition?
  • Are some firms in the industry able to earn economic profits in the long run? Why or why not?
  • To support your response, be sure to reference at least one properly cited scholarly source.

Reference no: EM132478762

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