That doesn't seem true to me. Monopolies are the result of failure of competition. There's no "invitation" to compete, but a clear warning that a new entrant w

That doesn't seem true to me. Monopolies are the result of failure of competition. There's no "invitation" to compete, but a clear warning that a new entrant will have no chance. This is why profit seeking organisations aim to become a monopoly as then they are guaranteed profits and can abuse customers as they wish.