Fill This Form To Receive Instant Help
Homework answers / question archive / What is the difference between natural monopoly and monopoly?
What is the difference between natural monopoly and monopoly?
A monopoly is any market controlled by a single seller. A natural monopoly is a specific type of monopoly. A natural monopoly is a monopoly that was created because of high start-up costs, an economy of scale, or other naturally occurring barriers to entry. A natural monopoly is often regulated heavily as the market outcome is considered inefficient and undesirable.