Monopolistic practices refer to the actions and strategies employed by a monopolistic company or entity to maintain, establish, or enhance its market dominance over competitors. These practices can include price-setting above competitive levels, limiting production to inflate prices, exclusive contracts that prevent competitors from gaining market access, and engaging in predatory pricing to drive rivals out of the market. Monopolistic practices may also involve creating barriers to entry that make it difficult for new firms to compete effectively. Such behaviors can harm consumer choice, lead to higher prices, and stifle innovation, often prompting regulatory scrutiny and potential antitrust actions to promote fair competition within the marketplace.