mo·nop·o·ly
mo·nop·o·ly/məˈnäpəlē/
noun
- the exclusive possession or control of the supply of or trade in a commodity or service."his likely motive was to protect his regional monopoly on furs"
- a board game in which players engage in simulated property and financial dealings using imitation money. It was invented in the US and introduced in 1933 by Charles Darrow; a forerunner of the game had been patented on 5 January 1904 as ‘The Landlord's Game’ by Elizabeth J. Magie.
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noun. mo·nop·o·ly mə-ˈnä-p(ə-)lē plural monopolies. 1. : exclusive ownership through legal privilege, command of supply, or concerted action.
What Is a Monopoly? Types, Regulations, and Impact on Markets
www.investopedia.com › terms › monop...
A monopoly is a market structure with a single seller or producer that assumes a dominant position in an industry or a sector. Monopolies are discouraged in ...
Monopoly
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A monopoly, as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. Wikipedia
Buyers: Monopsony
Number: One
Sellers: Monopoly
In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high ...
Monopolies created purely by one seller having a superior product, business acumen, or having good fortune (ex. online search engines, social media sites).
(an organization or group that has) complete control of something, especially an area of business, so that others have no share:.
That is how that term is used here: a "monopolist" is a firm with significant and durable market power. Courts look at the firm's market share, but typically do ...
Definition: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, ...