English-French translations for natural monopoly
- monopole naturelLes réseaux de transport sont et demeurent un monopole, un monopole naturel, et les monopoles ne sont guère concernés par la libre concurrence. It is and remains a monopoly, a natural monopoly, and monopolies do not have much to do with free competition. D'une part, il y a un monopole naturel au niveau des réseaux de distribution et de transport, ce qui réduit le champ de la concurrence. On the one hand, there is a natural monopoly in the distribution and transport networks, which reduces competition.
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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