Microeconomics Assignment

Dec 12th, 2014
Business & Finance
Price: $25 USD

Question description

Unit 9

Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly.

What characteristics of the industry make it a monopoly?

What is the impact of the monopoly power on its customers?

Why might government want to regulate natural monopolies?

How might such regulation be structured?

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Dec 12th, 2014
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