Monopolies in the Leisure Sector

Monopolies are examples of market failure

In some sectors of the leisure industry there tend to be large companies that dominate the market

This is apparent in the travel industry where travel agents are dominated by Thomas Cook and Airtours in the UK

Cinemas also tend to be dominated by large companies such as the Odeon, vue and UCI

The markets tend to be more like oligopolies in nature

This means that the firms often set prices which leaves the consumer with less choice