Assertion: monopoly | /r/HasProperty | coercive
Facets:
Source sentences:
text: A monopoly is said to be coercive when the monopoly firm actively prohibits competitors from entering the field or punishes competitors who do (see Chainstore paradox).
text: In economics, a government-granted monopoly (also called a "de jure monopoly") and the monopoly to be served under government is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.