Austrian economics doesn't actually deny the existance of natural monopoly. That is simply a wrong headed reading of Austrians by people who hate it. If anythi

Austrian economics doesn't actually deny the existance of natural monopoly. That is simply a wrong headed reading of Austrians by people who hate it. If anything it says, natural monopolies exists, but some of the regulation designed to fight it, can be more harmful. Austrians also try to not narrow down market so much, that monopolies are everywhere. Is Tom Hanks a monopoly on Tom Hanks, sure but does that matter. Is the market acting? Entertainment? Just saying 'its a natural monopoly, therefore government need to come in with some strong handed specific regulation' is often a bad approach that can stop other mechanism from functioning. For example, locking in natural monopolies forever, even when future technologies means that monopoly would have been broken.