Monopolization

Monopolization occurs when a single company gains exclusive control over a market or industry, making it the only provider of a particular product or service. This dominance prevents competitors from entering or competing effectively, often through strategies like buying rivals, controlling essential resources, or using unfair practices. As a result, the monopolist can set prices higher and reduce choices for consumers, which can harm overall economic fairness and innovation. Antitrust laws aim to prevent monopolization to promote healthy competition, ensuring markets remain open and prices fair for consumers.