Im f*cked for it. Anywayz in my sh*t it has natural monopoly....is this the same thing as a pure monopoly or perfect monopoly? Do the graphs look the same? I cant see anything in my book about this.
<strong>Im f*cked for it. Anywayz in my sh*t it has natural monopoly....is this the same thing as a pure monopoly or perfect monopoly? Do the graphs look the same? I cant see anything in my book about this.</strong><hr></blockquote>
I believe that the distinctions between these is not the graphs but what the means for regulation is. Natural monopolies, if I remember, are things like utilities where it's actually more cost efficient to merge together and monopolize because start-up costs are so expensive. So in these cases, the government allows the monopoly to exist but regulates it. Hope that helps you.
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<strong>Im f*cked for it. Anywayz in my sh*t it has natural monopoly....is this the same thing as a pure monopoly or perfect monopoly? Do the graphs look the same? I cant see anything in my book about this.</strong><hr></blockquote>
I believe that the distinctions between these is not the graphs but what the means for regulation is. Natural monopolies, if I remember, are things like utilities where it's actually more cost efficient to merge together and monopolize because start-up costs are so expensive. So in these cases, the government allows the monopoly to exist but regulates it. Hope that helps you.