the situation when, due to the economies of scale of a particular industry, the maximum efficiency of production and distribution is realized through a single supplier
Some markets would still not be open to competition, whether from home or abroad,either because as natural monopolies they could not support more than one supplier,or because entrenched monopolies and oligopolies would keep competitors out.
Examples of 'natural monopoly' in a sentence
natural monopoly
Also the old natural monopoly of one official stock exchange in each country has disappeared and there are numerous trading platforms competing for business.
Times, Sunday Times (2014)
The property advertising industry is a natural monopoly, one that the Rightmove management jealously guards.
Times, Sunday Times (2011)
This, incidentally, is a strong argument in favor of keeping natural monopolies under public regulation rather than under public ownership.
Peter F. Drucker MANAGEMENT: task, responsibilities, practices (1974)