monopolisoituminen
Monopolisoituminen refers to the process by which a market becomes dominated by a single seller or a very small number of sellers. This phenomenon is the opposite of a perfectly competitive market, where numerous firms offer similar products. In a monopolized market, the dominant firm, or oligopoly, has significant control over pricing and supply, often leading to higher prices for consumers and reduced output compared to competitive scenarios.
Several factors can lead to monopolization. Economies of scale can make it difficult for smaller competitors
The consequences of monopolization are a key concern for economic policy. While a monopolist might achieve