asituationin which onecompanyisabletosupplythewholemarketfor aproductorservicemorecheaplythan two or morecompaniescould:Technology hasmovedon,turningwhat wasonceanaturalmonopolyinto apotentiallycompetitivemarket.(Definition ofnatural monopolyfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofnatural monopoly
natural monopolyDevelopments in technology have eroded some of thenaturalmonopolyaspects of traditional public utilities.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.On the other hand, tropical regions had anaturalmonopolyin the production of certain raw materials.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Naturalmonopoly, or the overlapping concepts of practical and technical monopoly, is an extreme case of "failure of competition" as a restraint on producers.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.If the most efficient size firm serves the whole market, we have anaturalmonopoly, and no other firms will rush to enter.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Anaturalmonopolyoccurs where the average cost of production declines throughout the relevant range of product demand.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The higher the barriers to entry and exit, the more prone a market tends to be anaturalmonopoly.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The government keeps them as strategic assets or because they arenaturalmonopoly.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Anaturalmonopolyhas a very different cost structure.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These goods are often provided by anaturalmonopoly.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This is because every scholarly journal has anaturalmonopolyover the information of its field.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/natural-monopoly##
