Types of Monopolies A. Natural Monopoly -Cost of production is lower with with one firm - Regulated by Gov’t.

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Types of Monopolies A. Natural Monopoly -Cost of production is lower with with one firm - Regulated by Gov’t.

Example: Utility Companies

B. Government Monopoly - Gov’t. owns or runs business Closest Example in U.S.: U.S. Postal Service

C. Technological Monopoly -Firm controls manufacturing method or invention (patent)

Example: Microsoft owns Windows Operating System

D. Geographic Monopoly -No other producers within a certain region

Examples Gas station in a desert Professional Sports Teams