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Monopolistic Practices

Type

Economic system

Consequences

Reduced consumer choices • Less protection from monopolistic abuses • Potential economic stagnation • Growing inequalities • Societal tensions and conflict

Place of origin

Alternate timeline

Example industries

TelecommunicationsHealthcareEnergyTechnologyAutomotive

Comparison timeline

Real-world economy

Key characteristics

Legalized monopolistic practices • Limited government regulation • Higher barriers to entry • Reduced market competition • High concentration in industries

Monopolistic Practices