AB 224 WEEK 9 DISCUSSION

AB 224 WEEK 9 Topic 1 Discussion topic Real World Monopolies Describe an example of a real world industry or market that would be considered by economists to be a natural monopoly.
a. What characteristics of the industry make it a monopoly? b. What is the impact of the monopoly power on its customers? c. Why might government want to regulate natural monopolies? d. How might such regulation be structured?

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