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To ensure that a monopoly to exist in this case, The federal government needs to have intervened and produced it. The electrical power company must personal a scarce source. The electricity company is going through economies of scale. Monopoly Consequence Genuine or Phony: Without governing administration regulation, normal monopolies can earn positive income In the end.
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A: A tax levied by the government over the revenue attained by individuals, companies, or other entities…
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