exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.
an exclusive privilege to carry on a business, traffic, or service, granted by a government.
the exclusive possession or control of something.
something that is the subject of such control, as a commodity or service.
a company or group that has such control.
Monopolies are thus characterized by a lack of economic competition to produce
the ... Most studies of market structure relax a little their definition of a good, ...
According to a strict academic definition, a monopoly is a market containing a
single firm. In such instances where a single firm holds monopoly power, the ...
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 ...
: If a certain firm is the only one that can produce a certain good, it has a monopoly
in the market for that good. More »
Exclusive control by one group of the means of producing or selling a commodity
or service: "Monopoly frequently ... arises from government support or from ...
A monopoly is the exclusive ownership or control of something. If your sister
claims a monopoly over the television during the Tom Cruise movie marathon,
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
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
Definition of monopoly: A situation in which a single company owns all or nearly
all of the market for a given type of product or service. This would...