A private franchise is another form of legal monopoly which is sometimes called natural monopolies.

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A private franchise is not considered a natural monopoly as it is a form of business ownership where an individual or entity has been granted the right to operate a business under a specific brand or trademark, but there may be other businesses offering similar products or services in the market. Natural monopolies refer to industries where a single entity can more efficiently provide goods or services due to economies of scale or high fixed costs, making it difficult for other businesses to enter or compete in the market. Examples include public utilities such as water, electricity, and gas distribution.

A Private Franchise Is Another Form of Legal Monopoly Which