Natural Monopoly - Mastering the Economics of Essential Services Navigating Natural Monopoly

Fouad Sabry

Maison d'édition: One Billion Knowledgeable

Synopsis

What is Natural Monopoly
 
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors. Specifically, an industry is a natural monopoly if the total cost of one firm, producing the total output, is lower than the total cost of two or more firms producing the entire production. In that case, it is very probable that a company (monopoly) or minimal number of companies (oligopoly) will form, providing all or most relevant products and/or services. This frequently occurs in industries where capital costs predominate, creating large economies of scale about the size of the market; examples include public utilities such as water services, electricity, telecommunications, mail, etc. Natural monopolies were recognized as potential sources of market failure as early as the 19th century; John Stuart Mill advocated government regulation to make them serve the public good.
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Natural monopoly
 
Chapter 2: Economies of scale
 
Chapter 3: Microeconomics
 
Chapter 4: Monopoly
 
Chapter 5: Monopolistic competition
 
Chapter 6: Perfect competition
 
Chapter 7: Imperfect competition
 
Chapter 8: Public utility
 
Chapter 9: Economies of scope
 
Chapter 10: X-inefficiency
 
Chapter 11: Anti-competitive practices
 
Chapter 12: Barriers to entry
 
Chapter 13: Monopoly profit
 
Chapter 14: Average cost
 
Chapter 15: Contestable market
 
Chapter 16: Market power
 
Chapter 17: Free entry
 
Chapter 18: Competition (economics)
 
Chapter 19: Rate-of-return regulation
 
Chapter 20: Minimum efficient scale
 
Chapter 21: History of microeconomics
 
(II) Answering the public top questions about natural monopoly.
 
(III) Real world examples for the usage of natural monopoly in many fields.
 
Who this book is for
 
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Natural Monopoly.

Disponible depuis: 11/02/2024.

Longueur d'impression: 259 pages.

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