natural monopoly
Hello, you have come here looking for the meaning of the word natural monopoly. In DICTIOUS you will not only get to know all the dictionary meanings for the word natural monopoly, but we will also tell you about its etymology, its characteristics and you will know how to say natural monopoly in singular and plural. Everything you need to know about the word natural monopoly you have here. The definition of the word natural monopoly will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofnatural monopoly, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Noun
natural monopoly (plural natural monopolies)
- 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 given product and unintentionally exclude meaningful competition via price structures.
Translations
type of monopoly
|