What does natural monopoly mean?
Definitions for natural monopoly
nat·u·ral mo·nop·o·ly
This dictionary definitions page includes all the possible meanings, example usage and translations of the word natural monopoly.
Wiktionary
natural monopolynoun
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.
Wikidata
Natural monopoly
A monopoly describes a situation where all 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 for production to be concentrated in a single firm. In some cases, this gives the largest supplier in an industry, often the first supplier in a market, an overwhelming cost advantage over other actual and potential competitors. This tends to be the case in industries where capital costs predominate, creating economies of scale that are large in relation to the size of the market, and hence high barriers to entry; examples include public utilities such as water services and electricity.
Numerology
Chaldean Numerology
The numerical value of natural monopoly in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of natural monopoly in Pythagorean Numerology is: 5
Examples of natural monopoly in a Sentence
Competition is a tool to find good solutions for society as a whole and in this case and in energy overall, a grid is a natural monopoly, so competition will not give better solutions ... or lower prices in the market, it's not about defending Statnett's monopoly, but we believe that you need one company to operate the grid, and grid operations should be separated from power production.
Translations for natural monopoly
From our Multilingual Translation Dictionary
- přirozený monopolCzech
- độc quyền tự nhiênVietnamese
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"natural monopoly." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/natural+monopoly>.
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