Monopolisation
Monopolisation - Abuse of market power through the control of prices, thereby limiting competition and creating unfair barriers to entry.
ENTITY
1 - Human
INTENT
1 - Intentional
TIMING
3 - Other
Risk ID
mit957
Domain lineage
6. Socioeconomic and Environmental
6.1 > Power centralization and unfair distribution of benefits
Mitigation strategy
1. Implement a robust, proactive antitrust enforcement framework specifically targeting unilateral conduct, such as predatory pricing, anti-competitive tying and bundling, and refusal to deal, to ensure competitive dynamics are preserved and market-entry barriers created through abuse of dominance are systematically dismantled. 2. Establish a standing regulatory audit mechanism to periodically review and modify government regulations, licenses, and exclusive rights that inadvertently create or sustain monopolies or impose unnecessary barriers to entry, thereby fostering pro-competitive market structures. 3. Mandate the creation and ongoing execution of comprehensive internal competition compliance programs, including targeted training for high-risk personnel (e.g., pricing, sales, and executive teams), to preemptively detect and prevent abusive practices and ensure all commercial conduct adheres to competition statutes.