Natural monopolies and multinationals

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• government-granted monopolies

  Public utilities as local telephone service, natural gas distribution, and electricity are natural monopolies.

• natural monopoly

  187973 Natural monopoly A function of government is to regulate "natural monopolies." Explain what is a natural monopoly and why it requires government regulation.

• blame on monopolies

  For example, natural monopolies such as power generation and distribution can be regulated such that the prices they charge their customers don't increase uncontrollably.

• purpose of anti-trust legislation

  Clearly the government needs to break up unnatural monopolies. Because natural monopolies are often present in industries that are vital to communities, such as utilities and communications, they need to be regulated rather than broken apart.

• Identifying Market Structure of a Firm

  Starting a new company in that market segment is difficult, and the few that do succeed are often gobbled up or run out of business by the oligopolies.
  
  Few multinationals aspire to be monopolies.

• Traditional examples of natural monopolies

  There are many traditional examples of natural monopolies, including telephone companies, train tracks, water, electric and gas utilities.

• Monopoly and its Effect on Society

  Note the excerpt below which provides information on the various types of monopolies; that is, natural monopolies geographic monopolies, technological monopolies and government monopolies: "A natural monopoly occurs when the type of industry makes

• natural monopolies and public utility

  122311 Natural Monopolies Public utilities such as electricity are referred to as natural monopolies and are often subject to regulation by a state authority (the "public Regulatory Commission").

• Natural monopoly examples

  Economists give higher preference to private ownership over public ownership in natural monopolies because it has a great impact in terms of economic and political condition.