Question

Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete repair

Answer 1

An example of a natural monopoly found across the globe is power delivery.

Is electricity a natural monopoly?

• Electricity service grocery delivery retail store security driveway concrete repair Natural Monopolies.
• A natural monopoly exists when average costs continuously fall as the firm gets larger.

• An electric company is a classic example of a natural monopoly.

What are some examples of monopolies?

Natural gas, electricity companies, and other utility companies are examples of natural monopolies.

They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.

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