single-product monopoly

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• monopoly and competition — ▪ economics Introduction       basic factors in the structure of economic markets.In economics monopoly and competition signify certain complex relations among firms in an industry. A monopoly implies an exclusive possession of a market by a… …   Universalium

• Monopoly — A situation in which a single company or group owns all or nearly all of the market for a given type of product or service. By definition, monopoly is characterized by an absence of competition, which often results in high prices and inferior… …   Investment dictionary

• monopoly — mo·nop·o·ly /mə nä pə lē/ n pl lies 1: exclusive control of a particular market that is marked by the power to control prices and exclude competition and that esp. is developed willfully rather than as the result of superior products or skill see …   Law dictionary

• Monopoly — This article is about the economic term. For the board game, see Monopoly (game). For other uses, see Monopoly (disambiguation). Competition law Basic concepts …   Wikipedia

• Monopoly profit — Contents 1 Monopoly Profit Basic Definition 2 Persistence 3 Government intervention 4 Footnotes 5 …   Wikipedia

• Product bundling — Competition law Basic concepts History of competition law Monopoly Coercive monopoly Natural monopoly …   Wikipedia

• monopoly — 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. Bloomberg Financial Dictionary * * * monopoly… …   Financial and business terms

• monopoly — /manop(a)ly/ A privilege or peculiar advantage vested in one or more persons or companies, consisting in the exclusive right (or power) to carry on a particular business or trade, manufacture a particular article, or control the sale of the whole …   Black's law dictionary

• monopoly — /manop(a)ly/ A privilege or peculiar advantage vested in one or more persons or companies, consisting in the exclusive right (or power) to carry on a particular business or trade, manufacture a particular article, or control the sale of the whole …   Black's law dictionary

• monopoly — monopoloid, adj. /meuh nop euh lee/, n., pl. monopolies. 1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Cf. duopoly, oligopoly. 2. an exclusive privilege to… …   Universalium

• monopoly —   control of supply of a product or service to a particular market. In its pure form this would mean a single supplier, but his rarely occurs. Highly dominant suppliers can however exert monopolistic controls in certain circumstances …   Geography glossary