natural monopolies
Natural monopolies are situations where a single company efficiently provides goods or services to a large market due to inherent cost advantages and significant barriers to entry, making competition impractical or unfeasible.
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Related Concepts (1)
Similar Concepts
- corporate dominance
- duopoly
- economies of scale
- government ownership of industries
- monopolies and market power
- monopolistic competition
- monopoly
- monopoly power
- natural resource economics
- natural resources
- oligopoly
- privatization of natural resources
- privatization of public goods
- state-owned enterprises
- synergies and economies of scale