De facto monopoly
Encyclopedia
A de facto monopoly is a monopoly
that was not created by government. It is most often used in contrast to de jure monopoly, which is one that is protected from competition by government action.
In a free market without government intervention this kind of monopoly is theoretically unobtainable for any extended amount of time. A de facto monopoly is only able to be achieved by providing a far demanded product at all times compared to the competition, and even then there would not be a 100% market share.
Monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity...
that was not created by government. It is most often used in contrast to de jure monopoly, which is one that is protected from competition by government action.
In a free market without government intervention this kind of monopoly is theoretically unobtainable for any extended amount of time. A de facto monopoly is only able to be achieved by providing a far demanded product at all times compared to the competition, and even then there would not be a 100% market share.