asked 163k views
0 votes
Distinguish between natural and artificial monopolies

2 Answers

7 votes
An artificial monopoly is a monopoly created by law, for example, the state makes an arrangement with a specific post service, making it the main or the only postal service in the country.

A natural monopoly is a monopoly that is no enforced but which emerges due to high infrastructure costs, so for example the infrastructure of water supply makes the company who built the pipes the monopoly.
answered
User Andgeo
by
8.1k points
3 votes
my answer -

An artificial monopoly is a monopoly created by law, for example, the state makes an arrangement with a specific post service, making it the main or the only postal service in the country.

A natural monopoly is a monopoly that is no enforced but which emerges due to high infrastructure costs, so for example the infrastructure of water supply makes the company who built the pipes the monopoly.

Happy to help you
answered
User Nealon
by
8.4k points

Related questions

asked Mar 6, 2018 99.9k views
John Hunt asked Mar 6, 2018
by John Hunt
8.9k points
1 answer
1 vote
99.9k views
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.