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A monopoly exists when a specific person or enterprise is the only supplier of a particular ..... Where efficiency is defined by the total gains from trade, the monopoly setting is less efficient than perfect competition. It is often argued that ...


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.


Define monopoly: exclusive ownership through legal privilege, command of supply, or concerted action — monopoly in a sentence.


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 entry ...


In business terms, a monopoly refers to a sector or industry dominated by one corporation, firm or entity. Monopolies can be considered a extreme result of free  ...


monopoly definition, meaning, what is monopoly: (an organization or group that has) complete control of something, especially an area of…. Learn more.


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 he ...


Definition of monopoly - the exclusive possession or control of the supply of or trade in a commodity or service, a board game in which players engage in s.


Definition: Monopoly is the market condition where a single supplier dominates the market for a given product. In other words, you can only buy a product from ...