What is the difference between artificial and natural monopoly
What is the difference between artificial and natural monopoly - Hello Friend question and answers, In sharing this time titled What is the difference between artificial and natural monopoly, in helping to answer a question or help learning, hopefully content posting subject matter that I share this you can understand, if there are any difficulties please to comment.
Your Question : What is the difference between artificial and natural monopoly
Answer:
Artificial Monopolies
Here the barriers to entry are not economic in nature. An example of a barrier is a patent. A patent is a legal and exclusive right to manufacture a product, e.g. Denel Land Systems manufacturing Casspirs.
Natural Monopolies
High development costs prevent others from entering the market and therefore the goverment supplies the product. E.g. Electricity ini South Africa is provided by the goverment enterprise, Eskom. It costs billions of rands to build and maintain power stations and therefore there are no other suppliers.
You are currently reading the article about lessons What is the difference between artificial and natural monopoly and this lesson url permalink of the article was https://choosequestion.blogspot.com/2016/08/what-is-difference-between-artificial.html Hopefully this question and answer article can give good answers, good learning.
What is the difference between artificial and natural monopoly
Artificial Monopolies
Here the barriers to entry are not economic in nature. An example of a barrier is a patent. A patent is a legal and exclusive right to manufacture a product, e.g. Denel Land Systems manufacturing Casspirs.
Natural Monopolies
High development costs prevent others from entering the market and therefore the goverment supplies the product. E.g. Electricity ini South Africa is provided by the goverment enterprise, Eskom. It costs billions of rands to build and maintain power stations and therefore there are no other suppliers.
The Article What is the difference between artificial and natural monopoly
The answer to question What is the difference between artificial and natural monopoly, Hopefully can give benefits to all. well, If you guys are still looking for another answer use the menu search or look at the related articles.
You are currently reading the article about lessons What is the difference between artificial and natural monopoly and this lesson url permalink of the article was https://choosequestion.blogspot.com/2016/08/what-is-difference-between-artificial.html Hopefully this question and answer article can give good answers, good learning.