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Fully explain why this type of ATC curve is likely to result in a natural monopoly and draw a contrast between the ATC curve of

Fully explain why this type of ATC curve is likely to result in a natural monopoly and draw a contrast between the ATC curve of a natural monopolist and that of a typical firm in a competitive industry.

https://www.economist.com/business/2021/01/23/chipmaking-is-being-redesigned-effects-will-be-far-reaching?utm_source=pinterest&utm

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