Famous Captive Market References. A group of consumers who are obliged through lack of choice to buy a particular product,. Web with nearly $7.0 1 billion of cyber written premium in 2022, a more stable commercial market brings into question whether captive solutions make sense for cyber.
The term therefore applies to any market where there is a monopoly or oligopoly. This could be due to. A captive market is a variation of a monopolisticmarket, where fewer sellers in the market have less competition between them.
