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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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An old friend lent you money to help u start a small buisness.your buisness going well. write a report tell him your buisness progress
I WOULD HUMBLY LIKE TO KNOW WHY WE STUDY OPERATION MANAGEMENT AND SERVICE MANAGEMENT CHALLENGES.
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