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What characteristics of the industry make it a monopoly

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Reference no: EM131564201

Diuscussion: Real-World Monopolies

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: EM131564201

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