Efficient Pricing of Monopoly Services
Efficient pricing of services means the lowest price for an equal quality service.
In market economies, a natural monopoly occurs when the most efficient number of firms in the industry is one. In human communities, the commons is the cultural and natural resources accessible to all members of a community, including natural materials such as air, water, and a habitable earth.
A natural monopoly becomes a Commons when all members of a community act as a single entity as though they were a single firm. By using Commons governance principles…