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

2. Example: Utility Companies

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

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

5. Example: Microsoft owns Windows Operating System

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

7. Examples Gas station in a desert Professional Sports Teams