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词汇 natural-monopoly
释义 natural monopoly
noun[ C or U ]
 ECONOMICS, COMMERCEukus
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.

Examples of natural monopoly


natural monopoly
Developments in technology have eroded some of the naturalmonopoly aspects of traditional public utilities.
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On the other hand, tropical regions had a naturalmonopoly in the production of certain raw materials.
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Naturalmonopoly, or the overlapping concepts of practical and technical monopoly, is an extreme case of "failure of competition" as a restraint on producers.
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If the most efficient size firm serves the whole market, we have a naturalmonopoly, and no other firms will rush to enter.
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A naturalmonopoly occurs where the average cost of production declines throughout the relevant range of product demand.
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The higher the barriers to entry and exit, the more prone a market tends to be a naturalmonopoly.
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The government keeps them as strategic assets or because they are naturalmonopoly.
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A naturalmonopoly has a very different cost structure.
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These goods are often provided by a naturalmonopoly.
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This is because every scholarly journal has a naturalmonopoly over the information of its field.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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