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Describe a natural monopoly in Shanghai. When should a local government create a national monopoly? Explain. Describe the characteristics of an oligopoly market and give

Describe a natural monopoly in Shanghai. When should a local government create a national monopoly? Explain. Describe the characteristics of an oligopoly market and give an example. Describe a four-firm concentration ratio, including an explanation of what it is used for and how it is calculated

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