Unformatted text preview: This is because for both social and technical rationales more than one provider would be inefficient. This monopoly is referred to as a natural monopoly. The same premise holds true for cable companies because of the cost of laying and maintaining cable lines. http://www.directessays.com/viewpaper/200534.html http://www.cato.org/pubs/pas/pa034.html...
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This note was uploaded on 03/26/2012 for the course ECON GM545 taught by Professor Gotches during the Summer '11 term at Keller Graduate School of Management.
- Summer '11