Monopoly: Difference between revisions
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{{Placeholder box|How the practice works.}} | {{Placeholder box|How the practice works.}} | ||
=== Types of monopolies === | ===Types of monopolies=== | ||
* Pure Monopoly: One company has complete control over a product's supply, with no similar alternatives and significant obstacles for others to enter the market. | *Pure Monopoly: One company has complete control over a product's supply, with no similar alternatives and significant obstacles for others to enter the market. | ||
* Natural Monopoly: One company can deliver a product or service more effectively than several companies could. | *Natural Monopoly: One company can deliver a product or service more effectively than several companies could. | ||
* Public Monopoly: Government-controlled organizations that provide necessary services, such as water and electricity. | *Public Monopoly: Government-controlled organizations that provide necessary services, such as water and electricity. | ||
* Monopolistic competition: This market structure includes many sellers who offer different products and have some level of market influence. | *Monopolistic competition: This market structure includes many sellers who offer different products and have some level of market influence. | ||
===Characteristics of a monopoly=== | ===Characteristics of a monopoly=== | ||
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[[Nvidia]] uses its market leader position to mislead consumers and threaten media. | |||
[[Ticketmaster Entertainment, LLC|Ticketmaster]] is often referred to as a monopoly of live events. | [[Ticketmaster Entertainment, LLC|Ticketmaster]] is often referred to as a monopoly of live events. | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
[[Category:Common terms]] | [[Category:Common terms]] | ||