natural monopoly

In the past, electric power was considered a natural monopoly.

First we will examine what a natural monopoly actually is.

In particular, if demand is growing, an industry may move away from natural monopoly status.

The particular case of natural monopoly will be developed further in chapter 2.

A natural monopoly in such a position is said to be not sustainable.

Other Western countries face the same problem of natural monopoly in these industries.

Windows is a natural monopoly, so let it be, this argument goes.

For this reason, economists call water service a "natural monopoly."

Most will be in Siberia, where the company has a natural monopoly.

Particularly important was the need to have natural monopolies in public ownership.

There are very few marketing examples of a natural monopoly.

Air traffic control is a natural monopoly which must be regulated.

For this reason, electric power is viewed as a natural monopoly.

Perhaps such arguments are beside the main point, which is to cover the natural monopoly case.

The first is the natural monopoly problem, which we examined in the previous chapter.

Economies of scale also play a role in a "natural monopoly."

Thus, the largest private protection business in a territory will develop into a natural monopoly.

Regulation of this type has not been limited to natural monopolies.

Privatization will not result in true competition if a natural monopoly exists.

Second, some services are viewed as "natural monopolies" that should be held only by the state.

A natural monopoly means that due to the nature of the product and market, the industry will be dominated by a single player.

A natural monopoly has a very different cost structure.

The first point to make is that the term "natural monopoly" could bear two interpretations.

Costs can be rising in a natural monopoly industry.

First, they are related to subadditivity - the question of whether or not the industry is a natural monopoly.