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Barriers are formed to prevent firms from entering a market that has a single supplier

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End of Net Neutrality-
The end of Net Neutrality is an example of a Monopoly, because big companies that are wealthier than small local busniesses can pay money to have more privilages to reach more people. In that sense it is preventing these less known companies the opportunity to grow and become well known.

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Is when a large number of firms all produce the same product, also known as "pure competition"

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When componies compete to sell a similar product but not identical

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Larg, profitable componies dominate the market, forming a barrier to enter the market

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Industry: Fast Food Resturaunts
*Wendy's vs. Mcdonalds
Wendy's andMcdonalds both produce fast food and compete for costumers

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Industry: Resturaunts
Resturaunts all provide food, but different types of foods

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Industry: Auto
Ford, GMC, and Chrysler are the leading companies in the auto industry while their are many other componies

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Industry: Sports Wear
*Adidas vs. Nike
Adidas and Nike both sell sports wear

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Oil Industry-
The Standard Oil was a monopoly until the Supreme Court ruled it as an illigeal monopoly in 1911

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Industry: Pubs
All pubs sell beer but some contain beers that are not found in others

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Industry: Music Entertainment
The companies that mostly control the music entertainment industry are Univeral, Sony and Warner