Assertion: natural monopoly | /r/CapableOf | face virtual competition
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text: But "natural monopolies," they argue, face "virtual competition" even if they do not face actual competition: specifically, they have to set their quantity and price (and engage in entrepreneurial activities) with the expectation that the closer they charge to classical monopoly prices rather than equilibrium prices, and the less they invest in entrepreneurship and research, the more of an incentive and an opportunity they create for entrepreneurs to enter the market to compete with them.