There are several types of market imperfections. Explain the natural monopoly

There are several types of market imperfections. Explain the natural monopoly • Begin each written assignment by identifying the question number you are answering followed by the actual question itself (in bold type). • Use a standard essay format for responses to all questions (i.e. an introduction, middle paragraphs and conclusion). • Responses must be submitted as a MS Word Document only, typed double-spaced, using a standard font (i.e. Times New Roman) and 12 point type size. Name of my course is business and society, please use business and it's environment by David Baron as a source