natural monopoly en · NOUN
Meanings
- Control over the market for a product which occurs when a firm gains large benefit from economies of scale, or from a superior business model or product, and is thus able to produce a very large percentage of the total market demand for a given product and unintentionally exclude meaningful competition via price structures.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| natural monopolies | Number=Plur | lexicographic |
Translations (5)
ca monopoli natural (type of monopoly) · ka ბუნებრივი მონოპოლია (type of monopoly) · ru есте́ственная монопо́лия (type of monopoly) · tl likas na sarilakal (type of monopoly) · fi luonnollinen monopoli (type of monopoly)