Captive Market Meaning Types Examples Monopolistic Market
Captive Market Meaning A captive market is a market that is less competitive due to the limited number of suppliers. As a result, consumers get limited choices and are often obliged to pay a high price for a product or give up on the purchase decision entirely. Hence, it is also known as a near-monopoly instead of a monopolistic market with entry barriers. You are free to use this image on you website, templates, etc....