Natural Monopoly
Definition
A Natural Monopoly happens when one company can provide a product or service much more efficiently than others, usually because it’s too expensive for new companies to compete. In the B2B SaaS world, examples include giants like AWS or Microsoft Azure, which dominate cloud infrastructure because the cost to compete is too high for most companies.
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Translation
When one company is so good (or expensive) at doing something that everyone else gives up trying—like your local utility company, where you have no choice but to play by their rules.