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Monopoly market9/26/2023 ![]() If two companies were to build and offer separate lines, the costs would be higher than what they would be under a monopoly. To build new sewers or power lines would be costly, inefficient, and impractical. This is because the cost to build another track would be over and above what a competitor would make back in profit. ![]() This derives from the fact that its creation originates from variables that are not man-made.įor instance, railways are a prime example of a natural monopoly. One type of monopoly is the natural monopoly, which is called ‘natural’ because there is no direct government involvement. ![]() So let us look at the 3 types of monopoly below: 1. All three have unique characteristics and causes. There are three types of monopoly: Natural, Un-natural, and State.
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