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20 October, 05:26

An example of a natural monopoly product is ... ?

1) electricity service

2) an automobile

3) a grocery store

4) gasoline

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Answers (1)
  1. 20 October, 09:09
    0
    An example of a natural monopoly product would be "Gasoline" because there are several companies who use the one national network. Therefore, gas is a natural monopoly at the distribution stage, but at the retail stage, it is possible to have competition.
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