- natural monopoly
- natural monopoly natural 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, turning what was once a natural monopoly into a potentially competitive market.
Financial and business terms. 2012.
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Natural 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… … Wikipedia
Natural 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 … Investment dictionary
Natural 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… … Energy terms
natural 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… … Wiktionary
Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts … Wikipedia
Monopoly profit — Contents 1 Monopoly Profit Basic Definition 2 Persistence 3 Government intervention 4 Footnotes 5 … Wikipedia
monopoly — 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… … Financial and business terms
monopoly — 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… … Universalium
monopoly — noun 1 control by one company ADJECTIVE ▪ effective, near, virtual ▪ absolute (esp. AmE), total ▪ government, state … Collocations dictionary
monopoly — /manop(a)ly/ A privilege or peculiar advantage vested in one or more persons or companies, consisting in the exclusive right (or power) to carry on a particular business or trade, manufacture a particular article, or control the sale of the whole … Black's law dictionary