[Boats]

It's a monopoly which plays from the top down!
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A. A monopoly is a market structure that consists of a seller and/or producer where there are no close
substitutes.
A monopoly limits available alternatives for its product and creates barriers for competitors to enter the
marketplace. Monopolies can also lead to unfair consumer practices.
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B. Investopedia defines a monopoly as, "a situation by which a single company and/or group owns all -
or - nearly all of the market for a given type of product or service."
[Without any meaningful competition, monopolies are usually quite profitable.]
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C. What is a 'Monopoly - And how does it work?

1. Definition: A market structure characterized by a single seller, selling a unique product in the market.
In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.

2. Description: In a monopoly market, factors like government license, ownership of resources, copyright and
patent and high starting cost make an entity a single seller of goods. All these factors restrict the entry of other
sellers in the market. Monopolies also possess some information that is not known to other sellers.

2a. Characteristics associated with a monopoly market make the single seller the market controller as well as
the price maker. He also enjoys the power of setting the price - for his goods.

2b.[Original meaning of the word Monopoly comes from Greek as a compound of two words “mono,” which
means “single” or “one,” and “polein“, meaning “ to sell. “ This word was perceived as an exclusive legal right
of sale covered by Government usually ensured by patent or licence.]

2c. So; What is the best example of a government monopoly?

In most cases, competition cannot exist in order for a government monopoly to be established. Public utilities
are often the basic example, because the government can control, regulate, and provide the utility for a [Less
expensive price] than a private company.

3. What is a monopoly and why is it a bad thing?

Economists generally believe that monopolies and other restraints of trade are bad because they usually reduce
total output, and therefore the overall economic well-being for producers and consumers (see monopoly).

Closing: It's the lack of competition - that allows cost variances - by the supplier.
Hence! If you really want the item bad enough - then you will have to pay for it
at it's updated now current price - since the product is difficult - to make - or stock!

[This is where the "gotcha principle" kicks in!] Therefore, you buy it or look for a
similar and/or substitute for something other - if it exist?!
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Personal Note: I've run into these situations like this - & often of late.
I'm sure you have as well. This is where the supplier uses the
- I GOTCHA PRINCIPLE! If you want it bad enough - you'll pay for it
no matter what!
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Boats