A natural monopoly by contrast is a condition on the cost-technology of an industry whereby it is most efficient (involving the lowest long-run average cost) for production to be concentrated in a single firm.
a couple of
tiny little problems - you completely contradicted yourself, you posted the definition of a "Natural monopoly" , too , ah? sound smart?
an example of a natural monopoly type effect is say "Apple iPhone" (pre iPhone 5 and Samsung)
so you are saying that this alt coin spam is in effect a "Natural monopoly" ..
i'll just get you to explain that for me ok...