Topic: Real-World Monopolies
Describe an example of a real-world industry or market that
would be considered by...
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Economics
Topic: Real-World Monopolies
Describe an example of a real-world industry or market thatwould be considered by economists to be a natural monopoly.
What characteristics of the industry make it a monopoly?
What is the impact of the monopoly power on its customers?
Why might government want to regulate natural monopolies?
How might such regulation be structured?
Answer & Explanation
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4.1 Ratings (573 Votes)
A Natural monopoly is a monopoly in an industry where a very high infrastructure cost gives a firm often the first entrant an advantage over other potential entrants and hence gives them monopoly power An example of a realworld industry or market that could be considered as Natural monopoly is the Water Supply of your area The most
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