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Author Question: What is a natural monopoly? What will be an ideal response?[br][br][b][color=#165FFA]Question ... (Read 111 times)

bb

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on: Jun 29, 2018
What is a natural monopoly?
 
  What will be an ideal response?

Question 2

What are ration coupons and what is their purpose? Provide a historical or current example.
 
  What will be an ideal response?


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vickyvicksss

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A natural monopoly is a market in which one firm can supply the entire market at a lower cost than two or more firms can.

Answer to Question 2

They are tickets or coupons that entitle individuals to purchase a certain amount of a given product per month. A historical example would be ration coupons for gasoline during World War II.


bb

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Reply #2 on: Jun 29, 2018
Thank you :)


vickyvicksss

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Reply #3 on: Jun 29, 2018
Happy to help you


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