Difference between revisions of "Natural monopoly"
Jump to navigation
Jump to search
TempestHead (talk | contribs) |
|||
| Line 2: | Line 2: | ||
{{stub}} | {{stub}} | ||
| + | |||
| + | |||
| + | [[category:economics]] | ||
Revision as of 05:13, April 15, 2007
A natural monopoly is a firm that enjoys increasing economies of scale, so much so that it can supply the entire market more cheaply as one massive firm than if there were two or more firms. Examples of natural monopolies include gas or electric companies, cable companies and railroads.