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2 Results for Tag: exist

Natural Monopoly

DefinitionA natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an i

Scarcity Principle

Scarcity Principle The Scarcity Principle, like other principles of economics, comes from the principles of psychology and behavioral sciences. As per the simplest definition, it states that