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| nat·u·ral mo·nop·o·ly (plural nat·u·ral mo·nop·o·lies) |
noun |
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| Definition: |
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monopoly considered beneficial: an industry believed by some to be of most benefit to consumers if it is dominated by one firm, which can exploit economies of scale by being as large as possible. Telecommunications, e.g. was once believed to be a natural monopoly.
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