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How do you distinguish between a "natural monopoly" and just a "monopoly"?
by idoh 9y ago
How do you distinguish between a "natural monopoly" and just a "monopoly"?
- yorwba 9y agoOne clear-cut example of an "unnatural monopoly" would be the state outlawing all but one company in an industry. A natural monopoly in an area arises from the dynamics of the business itself, other monopolies require external forces to prop them up.