In monopoly the nature of product will be ?
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Natural monopolies are allowed when a single company can supply a product or service at a lower cost than any potential competitor, and at a volume that can service an entire market. ... However, the industry is heavily regulated to ensure that consumers get fair pricing and proper services.
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Natural monopolies are allowed when a single company can supply a product or service at a lower cost than any potential competitor, and at a volume that can service an entire market. ... However, the industry is heavily regulated to ensure that consumers get fair pricing and proper services.
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