Captive market
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Captive markets are markets where the potential consumers face a severely limited amount of competitive suppliers; their only choices are to purchase what is available or to make no purchase at all. Captive markets result in higher prices and less diversity for consumers.[1] The term therefore applies to any market where there is a monopoly or oligopoly.
Examples of captive-market environments include the food markets in cinemas, airports, and sports arenas and payphone service in prisons.[2]
[edit] See also
[edit] References
- ^ The language of money - Captive markets
- ^ Center for Constitutional Rights. "FAQs: Prison Phone Rates". http://ccrjustice.org/learn-more/faqs/faqs%3A-prison-phone-rates. Retrieved 1 May 2012.
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