Natural monopoly
A natural monopoly is a monopoly that arises from the nature of an industry. The commonest reason for the existence of a natural monopoly is that it uneconomic to replicate expensive infrastructure.
Natural monopoly
A monopoly that does not arise from government intervention in the marketplace to protect a favored firm from competition but rather from special characteristics of the production process in the industry under the current state of ...
natural monopoly
industry in which the most efficient producer is a monopoly . Most natural monopolies are utilities or similar entities.
Referring Terms: ...
Natural Monopoly
Definition: Industry where the most efficient producer is a monopoly.
Natural monopoly
When a MONOPOLY occurs because it is more efficient for one firm to serve an entire market than for two or more FIRMS to do so, because of the sort of ECONOMIES OF SCALE available in that market.
Natural Monopoly
David R. Henderson
The main kind of monopoly that is both persistent and not caused by the government is what economists call a 'natural' monopoly.
Natural monopoly. A situation that occurs when one firm in an industry can serve the entire market at a lower cost than would be possible if the industry were composed of many smaller firms.
Natural monopoly A monopoly that arises from the peculiar production characteristics of an industry.
natural monopoly a single firm in an industry in which average total cost is declining over the entire range of production and the minimum efficient scale is larger than the size of the market. (10, 16) ...
Natural monopoly - An industry characterised by economies of scale sufficiently large that one firm can most efficiently supply the entire market demand.
NATURAL MONOPOLY: A special type of monopoly that's able to lower its price when it produces and sells a larger quantity. This somewhat remarkable ability results because a natural monopoly uses a great deal of capital.
Natural Monopoly
A type of monopoly that exists as a result of the high fixed or start-up costs of operating a business in a particular industry.
natural monopoly An industry where the most efficient production is through a monopoly, usually... natural resources Any kind of resource in nature that can be used to create wealth (i.e. oil, coal, water, and land).
The most common type of legal monopoly is the natural monopoly. Ideas about what constitutes a natural monopoly are prone to shift over time as new technologies or business processes emerge.
If the privatized company is a natural monopoly, or exists in a market which is prone to serious market failures, consumers may be worse off if the company is in private hands.
Such enterprises usually exist in areas of "natural monopoly," where the conditions of the market make unified control necessary or desirable to the public interest.
It can be difficult to create effective competition in an industry which is a natural monopoly - high barriers to entry. Deregulation may create a private firm with monopoly power.
Natural monopoly, a monopoly in which economies of scale cause efficiency to increase continuously with the size of the firm.
Oligopoly, in which a market is dominated by a small number of firms which own more than 40% of the market share.
Exclusive right to offer a particular service within a particular territory. In exchange, the company agrees to have its policies and rates regulated. Electric and water utilities are legal monopolies. See also Natural Monopoly.
Related topics: ...
Once e-Bay popularized on-line auctions and grabbed a big market share, it became very difficult for any other company to crack that market. Basically it is a natural monopoly. The same applies, I believe, to the Toronto Stock Exchange.
 See also: Monopoly, Monopolies, Oligopoly, Economies of scale, Perfect competition
  
|
RSS
