PURE MONOPOLY- in which one company has control over the entire market for a product,usually because of a barrier to entry such as a technology only available to that company.
EXAMPLE- professional sports team (the Denver Broncos are the only professional football team in Denver)
NATURAL MONOPOLY-a market situatuion where the cost of production are minimized by having a single firm produce the product.
EXAMPLE- water services (inefficient and waste of money to have several companies laying pipes throughout city)
TECHNOLOGICAL
MONOPOLY- a monopoly based on ownership or control of a manufacturing method,process, or other scientific method.
EXAMPLE- Microsoft (a near monopolistic in PC operating systems)
GEOGRAPHIC MONOPOLY- based on the absense of other sellers in a certain geographic area. similarly, the owner of the only gas station on a lonely highway exit also has a geographic monopoly.
EXAMPLE- general store in a remote community
GOVERNMENT MONOPOLY- A monopoly owned and operated by the government. can be found in the national, state, and local levels of government.
EXAMPLE- postal service