Economic Glossary | Natural Monopoly | Bankers Algo
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-by Eleanor Roosevelt

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Economic Glossary

    Natural Monopoly

A special type of monopoly that's able to lower its price when it produces and sells a larger quantity. This somewhat remarkable ability results because a natural monopoly uses a great deal of capital. In that capital carries an up front cost that must be paid regardless of production, a natural monopoly can spread these costs over larger quantity--if it produces more. The larger the quantity sold, the lower the cost for each unit.


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Banker's Algo Daily Dose

Word of the day

Forfeit(n)

Meaning:

something given as sacrifice

Synonyms: cost, damages, fine, loss

Antonyms: gain, victory, win

Apti Question of The day

Question

If 2x + 3y + z = 55, x + z – y = 4 and y – x + z = 12, then what is the value of y?

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