Definition: A natural monopoly arises when a single firm supplies the entire market with a particular product or a service without any competition because of large barriers to entry. These barriers to entry can include high start up costs, high fixed costs, difficulty in obtaining the needed raw...
Use 'natural monopoly' in a Sentence Given the strength of their past relationships with important suppliers, MicroTron enjoyed a natural monopoly in the neuro-processor industry that their competitors were helpless against. He was working with a natural monopoly and was concentrated in one area, ra...
Monopoly refers to the market structure that is characterized by the presence of a single seller and a large number of buyers in the market. There are entry barriers for the new firms. These barriers may be manmade or natural that restrict the entry ...
What is a natural monopoly? a. A monopoly that results when one firm is able to produce at a lower cost than multiple firms, giving large firms with higher levels of output an advantage over smaller c ___ is a form of competition in which every company has a similar product. ...
TOP: Natural monopolies MSC: Applicative 相关知识点: 试题来源: 解析 A 自然垄断通常存在于具有高固定成本和低边际成本的行业,这使得单一企业更有效率。有线电视服务(选项a)需要大量基础设施投资,但一旦建成,增加新用户的边际成本较低,符合自然垄断的特征。龙卷风警报器(选项b)属于公共物品,不具备排他性,不是...
TOP: Natural monopolies MSC: Applicative 相关知识点: 试题来源: 解析 C 自然垄断指因高固定成本和显著的规模经济,单一企业能以更低成本服务整个市场的情况。逐项分析如下: **a. 拥堵的公共高速公路** 高速公路属公共基础设施,通常由政府提供,不属于企业垄断。拥堵是使用问题,而非市场结构问题。 **b. 超售的...
Focuses on the bill proposed by the Regional Bell Operating Companies in the United States to lift the ban on Internet local exchange carrier (ILEC) provision of long distance data service. Contentions of incum...
Natural monopoly is a term used in economics to refer to two different things:1、An industry is said to be a natural monopoly if one firm can produce a desired output at a lower social cost than two or more firms— that is, there are economies of scale in social costs....
A monopoly is represented by a single seller who sets prices and controls the market. The high cost of entry into that market restricts other businesses from taking part. Thus, there is no competition and no product substitutes. What Is Price Fixing?
With respect to regulating a natural monopoly, which of the following pricing rules to regulate the natural monopoly firm will most likely require the government to provide a subsidy sufficient to compensate the firm in order to avoid the firm to leave the market() A. Average cost pricing. B...