Last Updated
：2025/11/22
natural monopoly
Noun
Control
over
the
market
for
a
product
which
occurs
when
a
firm
gains
large
benefit
from
economies
of
scale,
or
from
a
superior
business
model
or
product,
and
is
thus
able
to
produce
a
very
large
percentage
of
the
total
market
demand
for
a
given
product
and
unintentionally
exclude
meaningful
competition
via
price
structures.
Japanese Meaning
規模の経済や優れた事業モデル、製品によって市場全体の大部分を占め、実質的に有意な競争を排除する状態を指す。つまり、ある製品・サービスの天然的な独占状態を意味する。
Sense（1）
Control
over
the
market
for
a
product
which
occurs
when
a
firm
gains
large
benefit
from
economies
of
scale,
or
from
a
superior
business
model
or
product,
and
is
thus
able
to
produce
a
very
large
percentage
of
the
total
market
demand
for
a
given
product
and
unintentionally
exclude
meaningful
competition
via
price
structures.
（ plural ）
Quizzes for review
Control over the market for a product which occurs when a firm gains large benefit from economies of scale, or from a superior business model or product, and is thus able to produce a very large percentage of the total market demand for a given product and unintentionally exclude meaningful competition via price structures.
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See correct answer
natural monopoly
The city's water utility became a natural monopoly after it invested heavily in infrastructure and achieved overwhelming economies of scale.
See correct answer
The city's water utility became a natural monopoly after it invested heavily in infrastructure and achieved overwhelming economies of scale.
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English - English
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