A monopoly exists when a specific person or enterprise is the only supplier of a
particular ..... The fact that a monopoly has a downward-sloping demand curve
means that the relationship between tot...
Monopoly definition, exclusive control of a commodity or service in a particular
market, or a control that makes possible the manipulation of prices. See more.
complete control of the entire supply of goods or of a service in a certain area or
market. : a large company that has a monopoly. : complete ownership or control ...
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
Definition of monopoly: Market situation where one producer (or a group of
producers acting in concert) controls supply of a good or service, and where the
Exclusive control by one group of the means of producing or selling a commodity
or service: "Monopoly frequently ... arises from government support or from ...
monopoly definition, meaning, what is monopoly: (an organization or group that
has) complete control of something, especially an area of…. Learn more.
In economics, a monopoly specifically means the domination of a market by one
owner or seller. Think of the board game Monopoly. You're trying to own all the ...
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, as
Meaning, pronunciation and example sentences, English to English ... of the
supply of or trade in a commodity or service: the state's monopoly of radio and ...