Meaning of confusopoly | Babel Free

Definitions

An economic condition whereby the market force of competition is evaded via intentional obfuscation.

Examples

“Be aware that BT have just cut some prices, *and* introduced a new tariff that you can buy your way onto. Beware however that it's an even bigger confusopoly than it was before.”

“Instead of the power of monopoly, consumers lose to the power of confusopoly.”

“One of the main reasons to have competition is that it leads to lower prices. So now we have a confusopoly where innumerable providers are all offering us special deals but actual prices are being kept artificially high.”

CEFR level