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This is the case when the market is not is not at least twice as large as the Minimum Efficient Scale for providing a port service. Examples of natural monopolies in ports include towage and terminal services
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This is the case when the market is not is not at least twice as large as the Minimum Efficient Scale for providing a port service. Examples of natural monopolies in ports include towage and terminal services
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Of course, port authorities need to ensure relatively long-term contracts for such investments in order to reduce the risk associated with long-term investments
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