software monopoly

A software monopoly occurs when a single company dominates the market for a particular type of software, limiting competition. This often leads to a lack of choices for consumers and can result in higher prices, reduced innovation, and less incentive for the company to improve its products. For example, if one company's operating system is used by most computers, it can dictate terms, features, and prices. While monopolies can lead to efficiency and widespread adoption, they may also stifle competition and creativity in the software industry.