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natural monopoly
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natural monopoly

  a monopoly that occurs when one firm can supply the entire market at a lower price than two or more firms can; e.g., delivering electricity in a neighborhood
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natural monopoly natural monopolies
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Associated words [difficulty]:   natural monopoly , monopoly [2] , market share [7] , market concentration [9] , monopsony [9] , monopsony [9]
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Most commonly used in these subjects:   Public Policy & Politics, Business, Law
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