Forrest becomes a monopolist in the local shrimping market due to a natural disaster taking out his competition and being the only shrimp boat left standing. The barriers to entry for potential competitors would include the costs of purchasing new shrimp boats and equipment, which represents a significant initial investment,a capital cost that new entrants must incur. Following the hurricane, there might be a temporary increase in the prices of fishing gear and boats due to increased demand and decreased supply, which would further deter new entrants. Another barrier could be the time required to rebuild the infrastructure and workforce that was lost in the hurricane. These types of barriers make the market less contestable and closer to a monopoly since it becomes challenging for new entrants to compete with the incumbent. Meanwhile, Forrest is stead building his business and growing. A real-life example of a firm that is often considered a monopolist is De Beers in the diamond industry. Historically, De Beers controlled a significant percentage of the diamond market, which granted them substantial market power