Natural monopolies are?

2 answers:

8 0

A type of monopoly that exists as a result of high fixed costs or startup costs of operating a business in a specific industry

nignag [31]3 years ago

4 0

Google definition: <span>A natural monopoly is a type of monopoly that exists as a result of the high fixed costs or startup costs of operating a business in a specific industry. Additionally, natural monopolies can arise in industries that require unique raw materials, technology or other similar factors to operate.</span>

My definition: When it takes a lot of money to start a bisness only rich people/ companies are in that industry. Same goes for things that are rare, if someone owns all the land that it is found on it becomes a natural Monopoly.

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