alt Hacker NewsElectric grid are excellent example of natural monopoly.
"An industry is a natural monopoly if a single firm can supply the entire market at a lower long-run average cost than if multiple firms were to operate within it."
Electric grid are excellent example of natural monopoly.
"An industry is a natural monopoly if a single firm can supply the entire market at a lower long-run average cost than if multiple firms were to operate within it."
if anything it is THE natural monopoly