marketplace monopolies

Marketplace monopolies occur when a single company dominates a specific industry or marketplace, controlling most or all of the supply and pricing. This dominance can result from factors like superior resources, technology, or regulatory barriers that prevent competitors from entering or thriving in the market. As a result, the monopolist can set prices without competition, which may lead to higher prices and reduced choices for consumers. Such monopolies can stifle innovation and limit market efficiency, raising concerns about fair competition and consumer welfare.