Explain about natural monopoly, Microeconomics

Assignment Help:

Q. Explain about Natural Monopoly?

Natural Monopoly: In some industries, economies of scale are so strong that it makes most economic sense for there to be just one supplier. This kind of industry is considered a natural monopoly, because competition would eventually tend to concentrate output in one producer (and this is, in any event, most efficient way to organize production). Governments generally attempt to oversee the operation of natural monopolies through either public ownership or regulation.


Related Discussions:- Explain about natural monopoly

What is modern economics, What is Modern Economics? Modern Economics: ...

What is Modern Economics? Modern Economics: Modern economics mostly developed within last sixty years, methodically studies individuals’ economic behavior as well as econo

The demand curve, The owner of the sole stage-theatre in the city of Vorder...

The owner of the sole stage-theatre in the city of Vordervilla has found through   experience that the cost of running his 600-seat theatre remains virtually the same irrespective

Three factors by america palce at world economy leading edge, 3 factors by ...

3 factors by america palce at world economy leading edge 3 factors have taken pride of place in explanations of America's place at the world economy's leading edge in its level

What is opportunity cost, What is opportunity cost?  Answer:   Opportun...

What is opportunity cost?  Answer:   Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the advantages that co

Identify the four institutional requirements of markets, Identify the four ...

Identify the four institutional requirements of markets. The four institutional needs of markets are:  Pprivate property, Social institutions of trust, Good physical i

What are the three basic economic questions, What are the "three basic econ...

What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod

Why government cannot print new currency to pay the debts, Why government c...

Why government cannot print new currency to pay the debts?  When there is deficiency of internal resources then government borrow. Government can borrow either from central ban

Supply and demand of coffee and tea, Three factors that determine demand fo...

Three factors that determine demand for coffee and tea

Show the impact on price elasticity of demand, Q. Food purchases are relati...

Q. Food purchases are relatively price inelastic since food is a necessity. If food is so required for life, how will we explain the heavy advertising of food items at the

Role of marginal propensity to consume in accounting for gro, how can we br...

how can we bring in the marginal propensity to consume

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd