Finance:De facto monopoly
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A de facto monopoly is a monopoly that was not created by the government. It is most often used in contrast to de jure monopoly, which is one that is protected from competition by government action.[1]
In a free market without government intervention this kind of monopoly is theoretically unobtainable for any extended amount of time.[citation needed] A de facto monopoly is only able to be achieved by providing a far demanded product at all times compared to the competition, and even then there would not be a 100% market share.[2]
See also
References
- ↑ "What Are the Most Famous Monopolies?" (in en). https://www.investopedia.com/ask/answers/032315/what-are-most-famous-monopolies.asp.
- ↑ "Are There Any Legal Monopolies in America or Europe" (in en). https://www.investopedia.com/ask/answers/031715/are-there-any-legal-monopolies-america-or-europe.asp.
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