natural monopoly Meaning in the Cambridge English Dictionary
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Meaning of “natural monopoly” in the English Dictionary

"natural monopoly" in Business English

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natural monopolynoun [C or U]

uk   us   ECONOMICS, COMMERCE
a ​situation in which one ​company is able to ​supply the whole ​market for a ​product or ​service more ​cheaply than two or more ​companies could: Technology has ​moved on, ​turning what was once a ​naturalmonopoly into a ​potentiallycompetitivemarket.
(Definition of natural monopoly from the Cambridge Business English Dictionary © Cambridge University Press)
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