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What is a Natural Monopoly? - A Level and iB Economics

What is a Natural Monopoly? - A Level and iB Economics

This revision video applies and analyses the economics of a natural monopoly . A natural monopoly is a special case where one large business can supply the entire market at a lower long run average cost contrasted with multiple providers. This is because of the nature of costs in a natural monopoly. Typically, there are very high fixed costs ...

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