Related articles:
Barriers to entry
Public utility
Network effect
Economics
Key terms:
cost
market
firm
competition
natural monopoly
companies
regulation
electricity
customer
mill
investment
monopolist
supply
advantage
networks
behaviour
utility
economies of scale
average cost
contracts
arise
regulatory
competitors
stock market
limits
profit
supplier
consumers
fixed cost
ideal size
marginal cost
private companies
franchising
unregulated
private monopoly
large initial
water services
one more customer
capital investment
bureaucracy
infrastructure
setting up
monopolistic behaviour
competing
water companies
efficiency
initial investment
over time
public ownership
relation
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