In the past, electric power was considered a natural monopoly.
First we will examine what a natural monopoly actually is.
The particular case of natural monopoly will be developed further in chapter 2.
A natural monopoly in such a position is said to be not sustainable.
Other Western countries face the same problem of natural monopoly in these industries.
Windows is a natural monopoly, so let it be, this argument goes.
Most will be in Siberia, where the company has a natural monopoly.
For this reason, economists call water service a "natural monopoly."
There are very few marketing examples of a natural monopoly.
Air traffic control is a natural monopoly which must be regulated.