11.   Therefore the possibility of there being a natural monopoly is intimately related to the assumptions regarding potential entrant behaviour.

12.   Therefore, in such situations natural monopolies will be sustainable for many different prices.

13.   This chapter examines these questions from a theoretical standpoint within the framework of natural monopoly industries.

14.   Two problems recur in attempts to adopt any of the above solutions to the problem of natural monopoly.

15.   When a firm displays these economies of scale, we call it a natural monopoly.

16.   Particularly important was the need to have natural monopolies in public ownership.

17.   There is no more natural monopoly than the public utility of water supply and it is obscene that anyone should seek to make it the instrument of private advantage.

18.   Although power grids, like all networks, may be natural monopolies, the generation of what they carry is clearly not.

19.   Because trading always gravitates to whichever market has the biggest share of liquidity, stock markets have a tendency to be natural monopolies.

20.   A liberal pension reform has been drafted, and a proper regulation of the natural monopolies is well advanced.