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| natural monopoly definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | a market that runs most efficiently when one large firm supplies all of the output | 10 sets | |
| 2 | a monopoly that arises because a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms | 7 sets | |
| 3 | industry in which one company can most efficiently supply all needed goods or services | 6 sets | |
| 4 | a monopoly that results from economies of scale | 4 sets | |
| 5 | a market situation where the costs of production are minimized by having a single firm produce the product. | 2 sets | |
| 6 | one firm that can supply the entire market at a lower per-unit cost than could two or more firms - example: electricity | 2 sets | |
| 7 | an industry in which the average cost of production is minimized by having only one firm produce the product | 2 sets | |
| 8 | a market situation where the costs of production are minimized by having a single firm produce the product | 2 sets | |
| 9 | a firm with such a low average total cost that only it can survive in the market | 2 sets | |
| 10 | is an industry in which long-run average cost is minimized if just one firm serves the entire market. | 2 sets | |
| 11 | the situation where the market is better with a monopoly | 2 sets | |
| 12 | one firm that can serve the entire market at a lower per-unit cost than two or more firms | 1 set | |
| 13 | an industry in which one firm can achieve economies of scale over the entire range of market supply. | 1 set | |
| 14 | a market that runs most efficiently when one large firm suppies all of the output | 1 set | |
| 15 | a market situation where the costs of prodcution | 1 set | |
| 16 | one firm that can serve ethe entire market at a lower per unit cost than two or more fiscal units | 1 set | |
| 17 | a special type of monopoly that's able to lower its price when it produces and sells a larger quantity | 1 set | |
| 18 | an industry in which economies of scale are so great that a single firm can produce the product at a lower average total cost than would be possible if more than one firm produced the product | 1 set | |
| 19 | aaa | 1 set | |
| 20 | an electric company that serves an entire state is an example of a | 1 set | |
| 21 | an industry in which one firm can achieve economies of scale over the entire market supply | 1 set | |
| 22 | industry in which one company can almost efficiently supply all needed goods or services | 1 set | |
| 23 | a relatively rare market situation in which average total cost is minimized when only one firm produces the particular good or service. | 1 set | |
| 24 | a firm that can serve the market at a lower per unit cost than 2 or more firms can | 1 set | |
| 25 | one firm that can serve the entire market at a lower per unit cost than two or more firms can | 1 set | |
| 26 | a market that runs most efficiently when one large firm supplies all of the output; public water | 1 set | |
| 27 | runs the best when only one company provides the good or service. privately owned company that the govt. allows to exist | 1 set | |
| 28 | runs the best when only one company provides the good or service. privately own company that the govt. allows to exist. | 1 set | |
| 29 | an industry requiring huge investments in capital and within which duplication of facilities would be wasteful and thus not in the public interest | 1 set | |
| 30 | one company as the supplier of a product because the nature of that product makes more efficient than multiple, competing ones. most natural monopolies are government sanctioned or regulated | 1 set | |
| 31 | market that runs most efficiently when one large firm supplies all the output | 1 set | |
| 32 | one firm that can supply the entire market at a lower per-unit cost than could two or more firms. | 1 set | |
| 33 | relatively rare market situation in which atc is minimized when only one firm produces a particular good or service. | 1 set | |
| 34 | an industry inwhich economies of scale are so great that a single firm can produce the product at a lower average totalo cost then would be possible if more then one firm produced the product] | 1 set | |
| 35 | an industry in which economies of scale are so great that a single firm can produce the product at a lower atc than would be possible if more than one firm produced the product | 1 set | |
| 36 | a monopoly that results from economies of scale. | 1 set | |
| 37 | a market than runs most efficently when one large firm supplies all of the output | 1 set | |
| 38 | a market has a ______ ________ if one firm can produce the total output of the market at a lower cost than several firms could | 1 set | |
| 39 | when it is better for one firm to serve the entire market at a lower cost per-unit than two or more firms can | 1 set | |
| 40 | a monoploy that arises because a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms | 1 set | |