English-Finnish translations for natural monopoly
- luonnollinen monopoliLennonvarmistus on luonnollinen monopoli, jota on säänneltävä. Air traffic control is a natural monopoly which must be regulated. On kiistatonta, että kyseessä on luonnollinen monopoli, että yhteisöjen tuomioistuin on antanut asiasta lausunnon ja ettei kukaan halua muuttaa nykyistä tilannetta. Clearly it is a natural monopoly and clearly the Court of Justice has given its opinion and nobody intends to change the status quo.
Definition of natural monopoly
- 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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