Assertion: monopoly | /r/CapableOf | face competition
Facets:
value: from related industries
type: OTHER
value: from other firms
type: OTHER
Source sentences:
text: It is argued that a monopoly has less incentive to cut costs because it doesn’t face competition from other firms.
text: However, because a monopoly faces no competition, its situation and its decision process will differ from that of a perfectly competitive firm.
text: Also, a monopoly may face competition from related industries, e.g. Eurotunnel has a monopoly on train services from London to Paris, but faces competition from airlines.