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ECO 100 week 3 Assignment
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Utilities such as water, electric, gas, telephone service, and cable, are considered as a form of monopolies at a local level because of the location. A barrier to entry is considered to be the main line of defense for incumbent monopolies. “In pure monopoly, strong barriers to entry effectively block all potential competition (Brue, McConnell &Flynn, 2010).” If a pure monopoly exists in such an industry, the scale of economies would basically serve as an entry barrier and will protect the monopolist from other competition.
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Utilities such as water, electric, gas, telephone service, and cable, are considered as a form of monopolies at a local level because ...
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ECO 100 week 3 Assignment
Utilities such as water, electric, gas, telephone service, and cable, are considered as a form of monopolies at a local level because of the location. A barrier to entry is considered to be the main line of defense for incumb...