The notion of natural monopoly, while superficially plausible, is an ahistorical ex post rationale for government intervention.[1]
Any day now some guy or gal will visit my home to hook up my Google Fiber. How can that be if if Time Warner Cable has a natural monopoly? Oops, I should say that TWC, AT&T, DIRECTV and Dish have an oligopoly. Before you protest that I lump guys who launch satellites together with guys who hang wire on poles, remember in a dynamic world supposed natural monopolies are not safe from substitutes.
Any day now some guy or gal will visit my home to hook up my Google Fiber. How can that be if if Time Warner Cable has a natural monopoly? Oops, I should say that TWC, AT&T, DIRECTV and Dish have an oligopoly. Before you protest that I lump guys who launch satellites together with guys who hang wire on poles, remember in a dynamic world supposed natural monopolies are not safe from substitutes.
[1]https://mises.org/library/myth-natural-monopoly