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What is the theory of natural monopoly?

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What is the theory of natural monopoly? Describe the main federal regulatory commissions? What is the new social regulation?

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What is the theory of natural monopoly?

The theory of natural monopoly states that in various industries, certain competitors will have created a natural monopoly due to demand + the industry conditions. An electric company is a good example of a natural monopoly. The main electric company/illuminating company has a monopoly in the given area and has been able to establish the resources and relationships needed in order to build effective cost relationships. A competitor enters into the same area as an electric provider but can't offer the same rates because their customer base hasn't yet been established and they haven't yet ...

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What is the theory of natural monopoly? Describe the main federal regulatory commissions? What is the new social regulation?

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