Discover how monopolistic markets like utilities function in the U.S. Learn about the historical and modern monopolies that ...

Learn how legal monopolies function, why they're government-sanctioned, and their effects on competition. Explore historical and modern examples, including gambling and telecom.

A monopoly happens when a business dominates an industry or sector and can therefore control price changes and create entry barriers for competitors. It’s often used as shorthand in the eyes of the ...