A situation in which a single company owns all or nearly all of the market for...
The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a monopoly of its sale for a limited time; chartered trading companies have sometimes had a monopoly of trade with remote regions; a combination of traders may get a monopoly of a particular product.
Exclusive possession; as, a monopoly of land.
The commodity or other material thing to which the monopoly relates; as, tobacco is a monopoly in France.
There is a single seller of the good or service that has no substitutes.
A market in which there is only one supplier of a product or service.... more on: Monopoly
A market structure characterized by a single seller of a well-defined commodity for which there are no good substitutes and by high barriers to the entry of other firms into the market for that commodity.
Exclusive control or possession by one group of the means of producing or selling goods or services.
The control of an area of activity by a single individual or company.
monopoly Businesses that have exclusive control of a commodity or service and are thus able to manipulate the prices and availability of those commodities and services as well as to restrict potential competitors from entering the market.
Exclusive control over something or an economic situation where there is one supplier and many buyers, meaning that the seller can determine his own price.
One firm's control over the market.
A state of exclusive or near-exclusive ownership or control of a commodity, service or facility through legal privilege, command of supply or concerted action, making possible the manipulation of prices.
exclusive possession of the right to grow a moustache in Movember
The exclusive control of a commodity or service that makes possible the manipulation of prices.
market structure in which there is a single seller.
An exclusive possession or control in the trade in a particular good or service.
exclusive control of a commodity in a particular market
Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price.
Although ownership of the railroads in Texas was never exclusive to one company, railroad opponents often referred to the industry as a monopoly. The railroads controlled the means of transportation, the rates for shipment, and many related industries such as steel, oil refineries, copper plants, and lumber companies.
one firm in an industry selling a product for which there are no close substitutes.
A situation in which a single organization has control over the supply of a product or service.
A market structure characterized by the presence of only one supplier (a "monopolist") who exerts (or can potentially exert) power over the market and can control the setting of prices or the parameters for other actions.
A market structure in which a single seller produces sells all the units of a good or service in a particular market, and where the barriers to new firms entering the market are very high. View Capstone Lesson(s) that address this concept
the exclusive control of something, with no competition.
a market (or industry) with only one seller
a market structure in which there is a single supplier of a product
(economics) a market in which there are many buyers but only one seller; "a monopoly on silver"; "when you have a monopoly you can ask any price you like"
exclusive control or possession of something; "They have no monopoly on intelligence"
a business that controls a vast majority or all of the market for a specific good or service
a company that dominates an entire industry
a company that is so large that it can drive competing businesses out of business
a company that is the sole supplier or a product (i
a company that supplies a product (i
a firm that produces the entire market supply of a particular good or service
a form of market structure where only one or very few companies dominate the total sales of a particular product or service
a legal restriction on who can sell a product or service
a market condition in which a single seller controls the entire output of a particular good or service
a market structure in which there is only one single company that is in the industry
a market where there is only one supplier
an enterprise that is the only seller of a good or service
an example of market failure, something which in a free market economy should, at the very least be regulated to avoid the very economic system from failing, therefore the EU does have a right to bring this case to court in order to protect the consumer
an exception, it is a condition where the pro-market argument breaks down
an exclusive ownership through legal privilege, command of supply, or concerted action (to settle or adjust by conferring and reaching an agreement)
an exclusive privilege to develop or trade in some good or product
an industry in which there is one supplier of a good, service, or resource that has no close substitutes, and in which there is a barrier preventing the entry of new firms
an industry where there is a single supplier of a good/service that has no close substitutes
an industry with only one firm
a pretty well defined commercial situation, in most countries' legislation
a situation where only one provider exists for a certain product or service
A market for a good or service that has no close substitutes and in which there is one supplier that is protected from competition by a barrier preventing the entry of new firms. (p. 286)
A market or industry with only one producer, who can set the price of its product and/or resources.
an exclusive privilege of engaging in certain businesses; granted by a ruler or monarch.
sole control of the trade in a particular commodity.
Exclusive control of the supply and price of a commodity.
Any commercial process in which one seller controls prices and supply of a product.
A market in which one company has exclusive possession or control of a commodity, product or service.
This is a market characterized by a single seller, absence of acceptable substitutes, and blocked entry. Monopolists may be a single private firm (e.g., the Aluminum Company of America before 1939), a regulated public utility (Columbia Gas of Ohio), or a number of sellers who act in concert for the purpose of maximizing profits at the consumers' expense.
An economic situation in which a single supplier controls the market for a particular product or service. This situation puts the producer in a position of unchallenged dominance from which it can inflate price to cover more than just necessary costs (including a return on capital). Governments often legislate to restrict the emergence of monopolies, since they are usually detrimental to the consumer and the economy.
An industry in which one firm serves the whole market.
The absence of competition in an economic relationship. For example, many utilities have a monopoly on markets. Deregulation opens up the market to competition.
Control of a market of goods or services that makes it difficult for new companies to compete in that market.
In Economics, the situation in which one producer is the sole provider of goods and can therefore choose what price to charge. RCT extends this to the religious market and sees state based churches as religious monopolies characterized by small congregations, inefficient priests and low religious vitality generally.
Actions by a monopolist (a firm that is the only, or virtually the only seller of a good or service in the market) which are taken for the purpose of maintaining its monopoly position. Monopolization goes beyond mere growth through skill, innovation or hard work, as it requires the willful acquisition and maintenance of monopoly power to exclude competitors.
One seller of electricity with control over market sales.
A market with only one supplier.
The exclusivity conferred by certain intellectual property rights; patents and registered designs confer an absolute monopoly in that the owner need not show copying (or awareness by a third party of the protected right) to enforce against a third party.
Commodity completely controlled by a person or group of persons.
a market consisting of only one firm
The sole seller of a good or service in a market.
The exclusive possession, control or exercise of supply in some commodity or service.
A situation where one company controlles an entire industry and can dictate the price of it as they please.
A market structure in which there is only one supplier of a product and significant barriers to entry in which the monopolist will set a price to maximize profits
Control of commodity or service in a particular market which enables the one having control to raise the price substantially above that fixed by free competition.
A situation where there is only one producer of a product or service
The control of a market by one source of supply.
when a market has onle one seller for a product and the product has no close subsitute. The seller is able to control the quantity and price of what is sold.
A single product for a whole market.
a market structure that exists when a firm turns out a product that has no close substitutes (56)
A market in which there is only one seller. A "monopoly price" is whatever the buyer is willing to pay rather than go without the thing.
situation in which there is only one seller of a product or service.
a market where there exists a single seller or producer, no close substitute goods, and barriers to entry
Where the market has only one supplier.
control of a particular business or trade by one individual or organisation
The only seller with control over market sales.
One person or company that has total control of a product or service.
The control by a company or individual on a particular area of activity.
A market situation in which there is only a single supplier of a good or service.It is a term that is also used to describe a situation in which a firm has considerable power over market price.
A situation where one firm has complete control over prices and supply in a market
Exclusive ownership through legal privilege, command of supply, or concerted action. By law, patents give an assignee a legal monopoly to practice an invention and to sell or import devices that embody the invention or are made through its use.
Sole control of a market by a company. In the United States, a monopoly is a violation of Article 2 of the Sherman Act.
market in which there is a single seller of a unique product with no close substitute and in which that single seller is protected from competition by barriers to entry preventing the entry of new firms. As the single seller of a unique good with no close substitutes, a monopoly firm essentially has no competition. The demand for a monopoly firm's output is THE market demand. This gives the firm extensive market power, making a monopoly firm a price maker. However, while a monopoly can control the market price, it can not charge more than the maximum demand price that buyers are willing to pay.
A business or inter-related group of businesses which controls so much of the production or sale of a product or kind of product as to control the market, including prices and distribution.
Market in which there are no direct competitors so that one company dominates.
Monopoly is the best-selling commercial board game in the world. Players compete to acquire wealth through stylised economic activity involving the buying, rental and trading of properties using play money, as players take turns moving around the board according to the roll of the dice. The game is named after the economic concept of monopoly, the domination of a market by a single seller.