Economies of scale is the concept that larger companies can produce products at lower costs per unit than small companies. explain why this is used to justify natural monopolies

find out the available goods

and services in your community and compare them with other communities using the venn diagram in any of the following categories:

industry had made the u.s. the richest nation in the world at this time. the second industrial revolution caused growth in industry and transportation, which allowed increased trade between nations.