Monopoly: Difference between revisions
No edit summary |
m why it is a problem |
||
| Line 13: | Line 13: | ||
===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== | ||
{{Placeholder box|Some examples of {{PAGENAME}} include: | {{Placeholder box|Some examples of {{PAGENAME}} include: | ||
Revision as of 18:33, 8 June 2025
❗This article is a stub. You can help by expanding it.
#appeals channel in either Zulip or Discord to request removal.An article may be flagged as a stub when it is missing major elements needed to make it useful to a reader. You can help by adding missing sections, verifiable sources, relevant company policies and communications, etc. to make the article more complete.
A monopoly is a market in which there exists only a single supplier of a certain good or service.
How it works
Why it is a problem
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
Ticketmaster is often referred to as a monopoly of live events.