Question

Give an example of a natural monopoly industry operating in South Africa.

Answer 1

An example of a natural monopoly industry operating in South Africa include "Eskom".

What is natural monopoly?

A natural monopoly occurs when there is an instance in which it is economically viable and better for a single entity to be in full and sole control of the production of a product or service.

Moreover, a natural monopoly is the fact that natural monopolies have extreme economies of scale. It can only start to become profitable when one single firm is able to service the majority of the market.

Learn more about natural monopoly, refer to the link:

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