[Vadevalor]

In what case would a natural monopoly be better than PC? Why would a natural monopoly be desirable to society? I drew the graph of decreasing MC and AC and got higher price and lower outputs for monopoly than PC industry.How do i link this graph to greater society welfare ? Someone pls enlighten me😱


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[MBT Bot]

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[Vadevalor]

Is it that they reap EOS and can product development? Any more? but hmm...in the case of Public utilities board there's not much development i see


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[MagicNMedicine]

When theres a large minimum efficient scale relative to the market demand. See here.

[pseudonymegg]

I want to be the hat