https://indianpedia.org/index.php?action=history&feed=atom&title=Captive_marketCaptive market - Revision history2026-07-31T11:32:01ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Captive_market&diff=431523&oldid=prevAjay Kumar at 09:33, 30 September 20232023-09-30T09:33:31Z<p></p>
<p><b>New page</b></p><div>{{for|the short story|Captive Market (short story)}}<br />
A '''Captive market''' is a [[market (economics)|market]] where the potential [[consumer]]s face a severely limited number of competitive [[suppliers]]; their only choices are to purchase what is available or to make no purchase at all. The term therefore applies to any market where there is a [[monopoly]] or [[oligopoly]].<br />
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Examples of captive-market environments include the [[food markets]] in [[cinemas]], [[airports]], and [[sports arenas]], college textbooks, US cable companies, the [[Kosher food]] market in the [[United Kingdom]], printer refills, [[truck stop]]s due to fueling contracts and semi truck regulations, and phone calls and food in jails and prisons. Academic publishers, such as [[Elsevier]], operate captive markets.<ref>{{Cite web|url=http://www.utimes.pitt.edu/?p=19679|title = University Times ยป Protest launched against journal publisher}}</ref><br />
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During the [[2020 NBA Bubble]], [[Jimmy Butler]] sold coffee for $20 a cup; "You can't get coffee nowhere here... People here can afford it", he said.<ref name="espn20200816">{{Cite news |date=2020-08-16 |title=Jimmy Butler is charging $20 a cup from his NBA bubble coffee shop |language=en |publisher=ESPN |url=https://www.espn.com/nba/story/_/id/29674158/jimmy-butler-charging-20-cup-nba-bubble-coffee-shop |access-date=2023-07-17}}</ref> Professional team sports have often been described as an example of captive markets,<ref>{{cite web |url=https://publications.parliament.uk/pa/cm201011/cmselect/cmcumeds/writev/792/fg72.htm |title=Football Governance: Written evidence submitted by Rick Duniec (FG 72) |author=Rick Duniec |publisher=[[House of Commons of England|House of Commons]] |date=January 2011 |accessdate=15 November 2014 }}</ref> with strict self-policing rules amongst supporters making it virtually impossible for fans to switch allegiances,<ref>{{cite web |url=https://www.telegraph.co.uk/men/thinking-man/10658105/Why-arent-football-fans-allowed-to-swap-teams.html |title=Why aren't football fans allowed to swap teams? |author=Rupert Hawksley |work=[[The Daily Telegraph]] |date=26 February 2014 |accessdate=November 15, 2014 }}</ref> and unwritten conduct rules dictating that official club merchandise should normally be worn to games by a majority of fans,<ref>{{cite web |url=http://espn.go.com/espn/page2/story?page=simmons/020227 |title=Rules for being a true fan |author=Bill Simmons |publisher=[[ESPN]] |date=February 27, 2002 |accessdate=November 15, 2014 }}</ref> allowing the teams themselves to raise prices as high as they feel like knowing that their supporters have little choice but to keep buying.{{Citation needed|date=August 2023}}<br />
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== See also ==<br />
* [[Captive audience (disambiguation)|Captive audience]]<br />
*[[Right to repair]]<br />
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== References ==<br />
{{Reflist}}<br />
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[[Category:Market (economics)]]<br />
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{{econ-stub}}</div>Ajay Kumar