Define aur explain the following concept: natural monopoly

1.	Define aur explain the following concept: natural monopoly
Answer» $\huge\mathfrak\purple{Answer}$ A natural MONOPOLY is a type of monopoly that exists DUE to the high start-up costs or powerful economies of scale of CONDUCTING a BUSINESS in a specific industry. A company with a natural monopoly might be the only provider or a product or service in an industry or geographic LOCATION.

Answer»

$\huge\mathfrak\purple{Answer}$

A natural MONOPOLY is a type of monopoly that exists DUE to the high start-up costs or powerful economies of scale of CONDUCTING a BUSINESS in a specific industry. A company with a natural monopoly might be the only provider or a product or service in an industry or geographic LOCATION.

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Define aur explain the following concept: natural monopoly​

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Define aur explain the following concept: natural monopoly