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4) What gives rise to a natural monopoly? How do consumers benefit from a natural monopoly? 5) What is a public franchise? Are all public

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4) What gives rise to a natural monopoly? How do consumers benefit from a natural monopoly? 5) What is a public franchise? Are all public franchises natural monopolies? 6) U.S. antitrust laws are designed to prohibit monopolization and encourage competition. Why, then, does the government erect barriers to entry and create monopoly power by granting firms patents

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