natural monopoly
1natural monopoly — ➔ monopoly * * * natural monopoly UK US noun [C or U] ECONOMICS, COMMERCE ► a situation in which one company is able to supply the whole market for a product or service more cheaply than two or more companies could: »Technology has moved on,… …
2Natural monopoly — A monopoly describes a situation where all (or most) sales in a market are undertaken by a single firm. A natural monopoly by contrast is a condition on the cost technology of an industry whereby it is most efficient (involving the lowest long… …
3Natural 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. Because it is economically sensible to have certain natural monopolies, governments often regulate those in operation …
4Natural monopoly — A situation where one firm can produce a given level of output at a lower total cost than can any combination of multiple firms. Natural monopolies occur in industries which exhibit decreasing average long run costs due to size (economies of… …
5natural monopoly — noun Control over the market for a product which occurs when a firm gains large benefit from economies of scale, or from a superior business model or product, and is thus able to produce a very large percentage of the total market demand for a… …
6Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts …
7Monopoly profit — Contents 1 Monopoly Profit Basic Definition 2 Persistence 3 Government intervention 4 Footnotes 5 …
8monopoly — Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price. Bloomberg Financial Dictionary * * * monopoly… …
9monopoly — monopoloid, adj. /meuh nop euh lee/, n., pl. monopolies. 1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Cf. duopoly, oligopoly. 2. an exclusive privilege to… …
10monopoly — noun 1 control by one company ADJECTIVE ▪ effective, near, virtual ▪ absolute (esp. AmE), total ▪ government, state …
