Assertion: monopoly | /r/HasProperty | characterized by a lack of competition
Facets:
Source sentences:
text: A monopoly is characterized by a lack of competition, lack of viable substitutes for the traded good or service, and high barriers to market entry for potential competitors.
text: Monopolies are then characterized by their lack of competition.
text: A monopoly is characterized by the absence of competition, which can lead to high costs for consumers, inferior products and services, and corrupt behavior.