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NATURAL MONOPOLY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Where a monopoly occurs inherently. Such as where the cost is too great to be borne naturally by several suppliers, for example, to supply water to different apartments in one apartment building where all the units share one common pipe. It would be impractical to try to facilitate the supply to each unit as a choice of being from several different water suppliers.

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