Question

define aur explain the following concept

: natural monopoly​

Answer 1

$\huge\mathfrak\purple{Answer}$

A natural monopoly is a type of monopoly that exists due to the high start-up costs or powerful economies of scale of conducting a business in a specific industry. A company with a natural monopoly might be the only provider or a product or service in an industry or geographic location.

Answer 2

A natural monopoly is a type of monopoly that exists due to the high start-up costs or powerful economies of scale of conducting a business in a specific industry.

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VenomJaTT