A natural monopoly occurs when the most efficient number of firms in the industry is one. A natural monopoly will typically have very high fixed costs meaning that it impractical to have more than one firm producing the good.
Examples are Gas network, Electricity grid
Railway infrastructure.
A natural monopoly poses a difficult challenge for competition policy, because the structure of costs and demand seems to make competition unlikely or costly.
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~Melis
John Cabot was sent by the king of England.
Given that Zachariah is 5 years old, contemporary developmentalists would say that he is at the stage of life that is known as early childhood.
Early childhood is that stage of human development that occurs when the child is from the ages of 2 to 8. This closely happens after the period of infancy and follows the middle childhood period.
This period is a time when the child would go through great physical, cognitive and language changes.
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