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The paper explores government regulation of natural monopolies, aiming to ensure market fairness and promote competition for consumer benefit. It explains how a natural monopoly occurs when a single firm can supply a market more efficiently than multiple firms, often due to high fixed costs associated with infrastructure. The discussion highlights that while monopolies can be efficient, government intervention is crucial to mitigate potential negative impacts and maintain a balance within the market.
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The telecommunication market in Germany. Regulation of natural monopolies, Anna Rüttger
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- 2016
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