There are several ways that companies can use their market dominance to raise prices and limit the development of new entrants: 1. **Pricing strategy**: Monopolies can set prices higher than those in competitive markets to increase their profit margins. Such high prices will make new entrants find the market unattractive, thereby inhibiting their entry. 2. **Cost advantage**: Monopolies usually have economies of scale and are able to produce products at a lower cost. This allows monopolies to maintain their competitive advantage by lowering prices even if new entrants intend to enter the market at a lower price, forcing new entrants to exit. 3. **User lock-in**: By providing unique products or services (such as excellent customer service, brand loyalty, etc.), monopolies can create a user lock-in effect, making consumers unwilling to switch to new entrants, thereby slowing down the development opportunities of new companies. 4. **Control of channels**: Monopolies can control key sales channels or distribution networks, making it difficult for new entrants to find suitable sales channels, further limiting their market entry. 5. **Regulatory and compliance barriers**: Monopolies may establish close relationships with governments or regulators to promote regulations and policies that are beneficial to themselves, thereby increasing the compliance costs of new entrants and creating barriers to entry. 6. **Marketing and brand influence**: Through strong marketing and brand influence, monopoly enterprises can create high brand awareness, so that consumers tend to choose their products instead of those of new entrants. 7. **Patent and technology protection**: Monopoly enterprises can protect their market position by owning patents on key technologies, making it difficult for other enterprises to copy their products or services, thus limiting market competition. These strategies can be used in combination to effectively inhibit the market development of new entrants, thereby maintaining the market monopoly position of existing enterprises.