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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 | 8 sets | |
| 2 | industry in which one company can most efficiently supply all needed goods or services | 6 sets | |
| 3 | 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 | 5 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 | is an industry in which long-run average cost is minimized if just one firm serves the entire market. | 2 sets | |
| 9 | a market situation where the costs of production are minimized by having a single firm produce the product | 2 sets | |
| 10 | the situation where the market is better with a monopoly | 2 sets | |
| 11 | market that runs most efficiently when one large firm supplies all the output | 1 set | |
| 12 | runs the best when only one company provides the good or service. privately own company that the govt. allows to exist. | 1 set | |
| 13 | 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 | |
| 14 | one firm that can supply the entire market at a lower per-unit cost than could two or more firms. | 1 set | |
| 15 | industry in which one company can almost efficiently supply all needed goods or services | 1 set | |
| 16 | a market that runs most efficiently when one large firm suppies all of the output | 1 set | |
| 17 | one firm that can serve the entire market at a lower per unit cost than two or more firms can | 1 set | |
| 18 | consumers only have one the choose from because only one company should produce this product in a region | 1 set | |
| 19 | a market that runs most efficiently if one firm provides all the output | 1 set | |
| 20 | an industry in which advantages of large-scale production make it possible for a single firm to produce the entire output of the market at lower average cost than a number of firms each producing a smaller quantity | 1 set | |
| 21 | is legal and regulated by the government (public utilities) | 1 set | |
| 22 | consumer only have one to choose from becuase only one company should produce this product a product in a region. | 1 set | |
| 23 | a market structure with one company the supplier of a product because the nature of that product makes a single supplier more efficient than multiple, competing ones. most of these are gov sanctioned and regulated | 1 set | |
| 24 | a relatively rare market situation in which average total cost is minimized when only one firm produces the particular good or service. | 1 set | |
| 25 | a firm that can serve the market at a lower per unit cost than 2 or more firms can | 1 set | |
| 26 | an industry in which one firm can achieve economies of scale over the entire range of market supply. | 1 set | |
| 27 | a market that runs most efficiently when one large firm supplies all of the output; public water | 1 set | |
| 28 | runs the best when only one company provides the good or service. privately owned company that the govt. allows to exist | 1 set | |
| 29 | aaa | 1 set | |
| 30 | monopoly created by government and run by a private company | 1 set | |
| 31 | a firm with such a low average total cost that only it can survive in the market | 1 set | |
| 32 | market that runs better with one firm supplying the output | 1 set | |
| 33 | a market in which the economies of scale in production are so large that only a single large firm can earn a profit | 1 set | |
| 34 | a firm with such a low average total cost (per-unit cost) that only it can survive in the market | 1 set | |
| 35 | a monopoly that results from economies of scale. | 1 set | |
| 36 | a market than runs most efficently when one large firm supplies all of the output | 1 set | |
| 37 | firm with such a low average total cost (per-unit cost) that only it can survive in the market | 1 set | |
| 38 | occurs when the scale economies in production are sufficiently large that a market can support only one firm. | 1 set | |
| 39 | relatively rare market situation in which atc is minimized when only one firm produces a particular good or service. | 1 set | |
| 40 | an electric company that serves an entire state is an example of a | 1 set | |