Figure 8.12
-If a severe natural disaster reduced the population of a city, one would expect a natural monopoly to

Name: Figure 8.12 -If a severe natural disaster reduced the population of a city, one would expect a natural monopoly to
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A natural disaster reducing the population of a city would likely result in a decrease in demand for goods and services provided by a natural monopoly. To maintain profitability, the natural monopoly may raise prices to offset the decrease in demand.

Figure 8.12 -If a Severe Natural Disaster Reduced the Population of a of a City