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Natural Monopolies - Economics Dictionary of Arguments | |||
Natural monopolies: A natural monopoly is a market structure in which a single firm can profitably produce and supply an entire market for a good or service. This occurs when the economies of scale are so large that it is more efficient for one firm to produce the good or service than for multiple firms to compete. This is often the case for goods or services that require a large upfront investment in infrastructure. See also Monopolies, Infrastructure, Markets, Supply, Competition._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Neoclassical Economics | Natural Monopolies | Neoclassical Economics | |
Rothbard, Murray N. | Natural Monopolies | Rothbard, Murray N. | |
Ed. Martin Schulz, access date 2025-02-18 |