Natural monopoly: Difference between revisions
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[[Category:Accounting,_tax_and_regulation]] | |||
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Latest revision as of 00:33, 15 May 2020
A natural monopoly is an industry in which economies of scale are overwhelming, making it more efficient for a single firm to serve the entire market.
For example, water distribution.
Such industries are more commonly subject to very close regulation, rather than encouraging competition.
