Market Monopolization

Market monopolization occurs when a single company dominates a market, controlling most or all of a product or service's supply. This can happen through various means, such as acquiring competitors, setting prices unfairly, or using exclusive practices that prevent others from entering the market. When a company becomes a monopoly, it often faces little to no competition, which can lead to higher prices, reduced choices, and less innovation for consumers. Governments typically regulate or scrutinize monopolies to promote fair competition and protect consumers’ interests.