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diamong [38]
3 years ago
15

Electric providers like Edison are an example of what specific type of monopoly

Business
1 answer:
Alenkasestr [34]3 years ago
7 0
Electric providers  are an example of natural monopoly, as a specific type of monopoly <span> in which having a single firm that produces certain a product or service results in costs minimization.Having  multiple suppliers of the product or service would be wasteful. In this case, electric providers should build network infrastructure which is non-sense. Another examples include city water, natural gas,..</span>
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