Definitions for "natural monopoly"
An industry where the most efficient production is through a monopoly.
a single firm in an industry in which average total cost is declining over the entire range of production and the minimum efficient scale is larger than the size of the market.
a monopoly in a market or field in which it would not be practical to have competition.
Keywords:  oligopoly
Keywords:  nsps, neural, strategic, partners, non
Neural networks Non-strategic Service Partners (NSPs)
a continuous physical network that needs to reach almost every piece of property in a region, such as roads and distribution networks (but not sources or sinks) for water, electricity, natural gas, sewage, and wired telecommunications
Keywords:  inevitably, room, seller, business, one
a business in which, inevitably, there will be room for only one seller
a situation where it costs less to have one company producing everything rather than having two companies producing some