walden university

ECON 1002: Microeconomics week 4

Discussion: Natural Monopolies

Posta explanation of your selected industry's market structure, including support for your assertion. In your explanation, also address the following:

• How do firms compete with each other in the industry, both in terms of price and non-price competition?
• Are some firms in the industry able to earn economic profits in the long run? Why or why not?
• To support your response, be sure to reference at least one properly cited scholarly source.