De Facto Monopoly

A de facto monopoly is a monopoly that was not created by government. It is most often used in contrast to de jure monopoly, which is one that is protected from competition by government action.

In a free market without government intervention this kind of monopoly is theoretically unobtainable for any extended amount of time. 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.

Other articles related to "de facto monopoly":

DuMont Television Network - History - The End
... VHF station signed on in Pittsburgh until 1957, giving WDTV a de facto monopoly on television in the area ... It also would have inherited DuMont's de facto monopoly in Pittsburgh, and would have been one of two networks to wholly own a station in the nation's ... Without its de facto monopoly in Pittsburgh, the company's advertising revenue shrank to less than half that of 1953 ...

Famous quotes containing the words monopoly and/or facto:

    I’m plotting revolution against this lie that the majority has a monopoly of the truth. What are these truths that always bring the majority rallying round? Truths so elderly they are practically senile. And when a truth is as old as that, gentlemen, you can hardly tell it from a lie.
    Henrik Ibsen (1828–1906)

    The difference between de jure and de facto segregation is the difference open, forthright bigotry and the shamefaced kind that works through unwritten agreements between real estate dealers, school officials, and local politicians.
    Shirley Chisholm (b. 1924)