natural monopoly
41Market power — Competition law Basic concepts History of competition law Monopoly Coercive monopoly Natural monopoly …
42Economy of scale — Economies of scale are the cost advantages that a firm obtains due to expansion. Economies of scale may be utilized by any size firm expanding its scale of operation. The common ones are purchasing (bulk buying of materials through long term… …
43Monopolistic competition — Short run equilibrium of the firm under monopolistic competition. The firm maximizes its profits and produces a quantity where the firm s marginal revenue (MR) is equal to its marginal cost (MC). The firm is able to collect a price based on the… …
44Public good — For the egalitarian terms, see Common good and Public interest. In economics, a public good is a good that is nonrival and non excludable. Non rivalry means that consumption of the good by one individual does not reduce availability of the good… …
45Profit (economics) — In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs (both explicit and implicit) of a venture to an entrepreneur or investor, whilst economic profit (also abnormal, pure,… …
46Barriers to entry — Competition law Basic concepts History of competition law Monopoly Coercive monopoly Natural monopoly …
47Criticisms of anarcho-capitalism — Part of the Politics series on Anarchism …
48History of competition law — The history of competition law refers to attempts by governments to regulate competitive markets for goods and services, leading up to the modern competition or antitrust laws around the world today. The earliest records traces back to the… …
49Topic outline of economics — For a more comprehensive list, see the List of economics topics. Economics, is the social science that studies the production, distribution, and consumption of resources. By extension, economics also studies economies, the creation and… …
50Sherman Antitrust Act — Sen. John Sherman (R OH), the principal author of the Sherman Antitrust Act …
