A captive market is a market where the potential consumers 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.
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 stops 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.[1]
During the 2020 NBA Bubble, Jimmy Butler sold coffee for $20 a cup; "You can't get coffee anywhere here... People here can afford it," he said.[2] Professional team sports have often been described as an example of captive markets,[3] with strict self-policing rules amongst supporters making it virtually impossible for fans to switch allegiances,[4] and unwritten conduct rules dictating that official club merchandise should normally be worn to games by a majority of fans,[5] 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]
captive, market, short, story, captive, market, short, story, captive, market, market, where, potential, consumers, face, severely, limited, number, competitive, suppliers, their, only, choices, purchase, what, available, make, purchase, term, therefore, appli. For the short story see Captive Market short story A captive market is a market where the potential consumers 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 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 stops 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 1 During the 2020 NBA Bubble Jimmy Butler sold coffee for 20 a cup You can t get coffee anywhere here People here can afford it he said 2 Professional team sports have often been described as an example of captive markets 3 with strict self policing rules amongst supporters making it virtually impossible for fans to switch allegiances 4 and unwritten conduct rules dictating that official club merchandise should normally be worn to games by a majority of fans 5 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 See also editCaptive audience Right to repairReferences edit University Times Protest launched against journal publisher Jimmy Butler is charging 20 a cup from his NBA bubble coffee shop ESPN 2020 08 16 Retrieved 2023 07 17 Rick Duniec January 2011 Football Governance Written evidence submitted by Rick Duniec FG 72 House of Commons Retrieved 15 November 2014 Rupert Hawksley 26 February 2014 Why aren t football fans allowed to swap teams The Daily Telegraph Retrieved November 15 2014 Bill Simmons February 27 2002 Rules for being a true fan ESPN Retrieved November 15 2014 nbsp This economics related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Captive market amp oldid 1201742594, wikipedia, wiki, book, books, library,
