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[edit]
References[edit]
- ^ "What Are the Most Famous Monopolies?". Investopedia. Retrieved 2015-09-29.
- ^ "Are There Any Legal Monopolies in America or Europe". Investopedia. Retrieved 2015-09-29.
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