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Problems in American Democracy
img img Problems in American Democracy img Chapter 28 PUBLIC INTEREST IN BUSINESS OWNERSHIP
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Chapter 28 PUBLIC INTEREST IN BUSINESS OWNERSHIP

337. BASIS OF NATURAL MONOPOLY.-The most important examples of natural monopoly are found in those industries which are known as public utilities. Public utilities include gas and electric light works, waterworks, telephone and telegraph plants, and electric and steam railways.

These industries are by their very nature unsuited to the competitiv

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