Monopoly: Difference between revisions
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{{Placeholder box|Add a 2-3 sentence introduction starting with e.g. "'''{{PAGENAME}}''' is a practice in which businesses ... When writing the article, insert text in the space below this box, and then delete this tip box (and the other tip boxes below). In the visual editor, just click on a box and press backspace to delete it. In the source editor, simply delete the double curly brackets, and the text inside them.}} | {{Placeholder box|Add a 2-3 sentence introduction starting with e.g. "'''{{PAGENAME}}''' is a practice in which businesses ... When writing the article, insert text in the space below this box, and then delete this tip box (and the other tip boxes below). In the visual editor, just click on a box and press backspace to delete it. In the source editor, simply delete the double curly brackets, and the text inside them.}} | ||
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===Point 2=== | ===Point 2=== | ||
}} | }}A monopolistic market is often harmful to consumers. A monopoly inherently does not have competition, since there is no other party to compete. The monopoly can therefore fix prices as they wish, with no one to compete for lower prices. This often leads to ridiculously high prices and is harmful to consumers. | ||
==Examples== | ==Examples== | ||
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[[Ticketmaster Entertainment, LLC|Ticketmaster]] is often referred to as a monopoly of live events. | |||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
[[Category:Common terms]] | [[Category:Common terms]] | ||