4 types of monopolies


Terms in this set (...)

natural monopoly
costs are minimized by having a single supplier Ex: Sempra Energy Utility
geographic monopoly
small town, because of its location no other business offers competition Ex: Girdwood gas station
government monopoly
government owned and operated business Ex: USPS
technological monopoly
a firm or individual have discovered a new manufacturing technique or created something entirely new Ex: Segway