I am currently debating a friend of mine about the theory of natural monopolies. He has an economics degree from NYU. I have a degree in marketing but, I also study the works of the Austrian School of Economics. Clearly, his credentials are greater than mine on this topic but, in this case, natural monopolies is a myth taught at schools across the country.

In this video, Thomas DiLorenzo debunks the myth of the natural monopoly. You can find his written research paper here provided by the Mises Institute. The theory of natural monopoly does not logically fit with fundamental laws of economics.