game, monopoly, fun @ Pixabay

A natural monopoly exists when a company has exclusive control over the supply of an important commodity. Quizlet is one example, as they have exclusive control over online quiz creation and distribution. This means that any other website can only offer quizzes created by Quizlet users, which limits their market share to what’s left of the population that doesn’t use Quizlet. Other examples include companies like Exxon Mobile and Microsoft in the past – both had nearly complete dominance on their respective product markets, leading to investigations into monopolistic practices. Exxon Mobile, Microsoft – both had nearly complete dominance on their respective product markets, leading to investigations into monopolistic practices.

monopoly, game, board game @ Pixabay

Quizlet is one example of a natural monopoly that exists when a company has exclusive control over the supply of an important commodity. Quizlet users are able to create and distribute quizzes without needing permission from any other site because they already have all the content needed for such endeavors in-house (although there’s still some contention about how much input is allowed). This means that any other website can only offer quizzes created by Quizlet users which limits their market share to what’s left of the population who doesn’t use Quizlet. Other examples include companies like Exxon Mobil and Microsoft once were –

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