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Explain why goods provided by natural monopolies are often publicly owned.
It would seem that most normal monopolies come with high MSB and also that society has deemed these goods far too societally significant to be owned/operated by private interests. Therefore, water, gas, sewage, public transportation, telecom etc, is often wholly in the hands of government or local municipal ownership - or at least control.
clarify the opportunity cost theory
uses of time series in Indian Economy?
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discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm
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