Methodology 2 Market Structure and Concentration 2 Economies of Scale and Natural Monopoly 3 Public Interest 4 Barriers of Entry 5 Competition 5 Profits 6 Conclusion 6 References 7 Abstract This essay will attempt to consider to what extent the UK railway industry is a natural monopoly by applying the basic theory of natural monopoly on this case study. It will discuss the concentration ratio of the industry, economy of scale, competition in the industry, public interest, profits, barriers to entry and…
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