DOI: 10.36719/AEM/2007-2020/53/135-138
Shafa Ingilab Orujova
Baku. Azerbaijan

COMPETITIVE SOLUTION THEORIES IN THE NATURAL MONOPOLY MARKETS
AND OPTIMAL PRICING METHODS IN THEIR REGULATION

Key words: Natural monopolies, competition, market economy, theories, regulation, pricing, method
Açar sözlər: Təbii inhisarlar, rəqabət, bazar iqtisadiyyatı, nəzəriyyələr, tənzimləmə, qiymətləndirmə, metod
Ключевые слова: Естественные монополии, конкуренция, рыночная экономика, теории, регулирование, оценка, метод

Introduction
Natural monopoly industries are organized in various ways with the idea that too many firms operating in the sectors with these features will not benefit the society. As a result of the developments in technology in recent years, some trends have emerged to open these industries to competition as much as possible due to the loss or decrease of natural monopoly features of these sectors and the failure of state business to contribute to social welfare. As a result of these trends, states felt the need to change the policies they implemented in these sectors. Although these changing policies differ from country to country, they basically aim to adapt to changes in economic and social life, to use social demands more effectively and to increase total welfare even more.

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