There are several types of market imperfections. Explain the natural monopoly

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Begin each written assignment by identifying the question number you are answering followed by the actual question itself (in bold type).
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Use a standard essay format for responses to all questions (i.e. an introduction, middle
paragraphs and conclusion).
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Responses must be submitted as a MS Word Document only, typed double-spaced, using a
standard font (i.e. Times New Roman) and 12 point type size. Name of my course is business and society, please use business and it’s environment by David Baron as a source