What are the Implications of a Monopolistic Market in Catalysis?
1. Pricing Power: The monopoly can set higher prices for catalysts, potentially leading to increased costs for downstream industries. 2. Innovation Control: The monopoly dictates the pace of innovation. While this can lead to advanced technologies, it may also stifle competition and slow overall industry progress. 3. Regulation and Oversight: Governments may need to regulate to prevent abuse of market power and ensure fair pricing and availability of catalysts.
