Monopoly and its Legal Regulations
Monopoly as a Legal Concept A monopoly, in legal terms, refers to a market structure in which a single entity dominates the supply of a particular good or service, effectively eliminating or significantly restricting competition. Monopolies can arise naturally, through government regulation, or through anti-competitive practices. Legal frameworks across different jurisdictions seek to regulate monopolies to prevent economic harm, maintain fair competition, and protect consumers. This essay explores the legal definition of monopolies, the mechanisms Read more