Anatural monopoly is a monopoly that arises because one firm can meet the entire market demand at a lower average cost than two or more firms could. a legal monopoly is a market in which by the granting of a public franchise, government license, patent, or copyright.

Total, competition and entry are restricted

Explanation:

Monopoly is a market where there is a single seller, so the seller have the power to charge high prices from the customers. It arises because one firm meet the entire market at lower average total cost than 2 or more firms.

A legal monopoly or statutory monopoly, firm is protected by the law from the competitors. So, it provides the competition as well as the entry restriction.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

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