Can Monopolies Be Beneficial To Consumers?

67 word (0 pages) essay in Economics

23/05/17 Economics Reference this

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Natural monopolies are a main type of monopoly. Natural monopolies may arise because a service may have high fixed cost attached with it is not profitable for a second firm to enter. It can also arise due to supply of geographical area. For example, the supply of diamond in the western’s world is mainly controlled by South Africa and in Trinidad and Tobago, WASA.

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