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Natural monopoly
Translation natural monopoly into russian
natural monopoly
Utilities are often considered a natural monopoly due to the high infrastructure costs.
Коммунальные услуги часто считаются естественной монополией из-за высоких затрат на инфраструктуру.
Definitions
A natural monopoly is a market structure where a single firm can supply a good or service to an entire market at a lower cost than multiple competing firms, typically due to high fixed costs and significant economies of scale. This often occurs in industries such as utilities, where the infrastructure required to provide the service is expensive and duplicating it would be inefficient.