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What type of industry is most likely to become a natural monopoly? Some natural monopolies are heavily regulated. You are considering regulating an industry that
What type of industry is most likely to become a natural monopoly? Some natural monopolies are heavily regulated. You are considering regulating an industry that currently has the factors that would classify it as a natural monopoly. Under which circumstances would you choose to leave such an industry unregulated? Why? Under which circumstances would you choose to regulate this industry? Why?
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