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1. In the context of my real-world example of a natur
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1. In the context of my real-world example of a natural monopoly company, why would other companies want to avoid entering the market I discussed?’
2, Suppose a monopoly firm has identified its profit maximizing quantity. In one sentence, explain how that firm can apply that information on a graph to determine what price to charge for the quantity it will produce.
3. In your own words, write a brief 1 or 2 sentence summary of the chapter 9 lecture videos for our course.Answer must be correct and answer all the 3 questions
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