Government Regulates Natural Monopolies In An Essay.

What are Natural Monopolies?Discuss about the Regulation of Natural Monopolies by Government.
A monopoly refers to the business organization which maintains exclusivity when it comes to the provision of particular commodity or service to the consumers. Monopoly can develop based on the form of the market or naturally. A natural monopoly refers to a kind of monopoly where the supplier through economies of scale comes up with the lowest…