Natural Monopoly: Understanding Its Characteristics, Causes, and Implications
Defining Natural Monopoly Monopolies, where a single entity dominates a particular market, often raise concerns about unfair pricing, limited consumer choice, and stifled innovation. While monopolies are generally viewed with skepticism, a specific type, known as a natural monopoly, warrants careful consideration. This article aims to demystify the concept of natural monopoly, exploring its defining … Read more
