cornering the market
Definition
Situation where an individual, firm, or cartel controls the supply of a commodity and dictates its price. Because cornering is often ruthless in its anti-social behavior, governments enact anti-monopoly or anti-trust laws to prevent its occurrence. Attempts to corner a market, however, do not usually last long because high prices encourage people to unearth the untapped supplies and create substitutes which 'break' the corner. See also Black Friday.
cornering the market is in the Decision Making, Problem Solving, & Strategy and Economics, Politics, & Society subjects.
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