Why is it incorrect to call monopoly a fad?

Calling monopoly a fad is incorrect because monopolies are not temporary trends; they represent a significant and often enduring structure in market economies where a single entity dominates supply and pricing. Unlike fads, which are short-lived and quickly replaced by new trends, monopolies can persist for long periods due to barriers to entry, regulatory protections, and economic advantages. Additionally, monopolistic practices can have profound and lasting impacts on competition, consumer choice, and innovation. Thus, they are a critical aspect of economic analysis rather than a fleeting phenomenon.