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A pseudo-monopoly refers to a situation where a single company dominates a particular market not due to exclusive ownership or legal barriers, but rather because of factors such as brand loyalty, economies of scale, or network effects. This can create barriers to entry for potential competitors, giving the appearance of a monopoly without the legal implications. Pseudo-monopolies can still be subject to antitrust regulations if they engage in anti-competitive practices.

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ProfBot

9mo ago

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