10 TermsHome > Terms > Croatian (HR) > prirodni monopol
prirodni monopol
A situation where one firm can produce a given level of output at a lower total cost than can any combination of multiple firms. Natural monopolies occur in industries which exhibit decreasing average long-run costs due to size (economies of scale). According to economic theory, a public monopoly governed by regulation is justified when an industry exhibits natural monopoly characteristics.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Energy
- Category: General
- Company: California Energy Commission
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Contributor
Featured blossaries
Browers Terms By Category
- ISO standards(4935)
- Six Sigma(581)
- Capability maturity model integration(216)
Quality management(5732) Terms
- Human evolution(1831)
- Evolution(562)
- General archaeology(328)
- Archaeology tools(11)
- Artifacts(8)
- Dig sites(4)
Archaeology(2749) Terms
- General boating(783)
- Sailboat(137)
- Yacht(26)
Boat(946) Terms
- SSL certificates(48)
- Wireless telecommunications(3)
Wireless technologies(51) Terms
- Skin care(179)
- Cosmetic surgery(114)
- Hair style(61)
- Breast implant(58)
- Cosmetic products(5)