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Business  Monopolies  Monopoly profit

A monopoly is when one company dominates the market for a particular good or service.

Literally, "single seller." A situation in which a single firm or individual produces and sells the entire output of some good or service available within a given market.

control of the production and distribution of a product or service by one firm or a group of firms acting in concert.

Monopoly / Monopolistic Competitiion
The Monopoly application has the same average cost curve and marginal cost curves as the Perfect Competition application.

A monopoly is an enterprise that is the only seller of a good or service. In the absence of government intervention, a monopoly is free to set any price it chooses and will usually set the price that yields the largest possible profit.

A monopoly exists where there is only one supplier of a product or service. This allows the supplier to charge higher prices than if there was competition. There are degrees of monopoly and only the market in a commodity is completely free of monopoly pricing power.

A monopoly is a market in which buyers are faced with only a single seller. The result is an absence of competition which can lead to high prices and inferior products. The opposite situation in which one buyer faces many sellers is a monopsony.
See also: Oligopoly ...

exclusive control or possession of something; "They have no monopoly on intelligence"
(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" ...

Monopoly profits
Definition: Supernormal profits earned by monopoly producers. They can also be called abnormal profits.
Related glossary term: ...

Natural Monopoly
Definition: Industry where the most efficient producer is a monopoly.

Is the game monopoly named monopoly? Read answer...
What is the legal term that describes the controlling body of a monopoly? Read answer...
Help us answer these: ...

buyer's monopoly
Definition 1.
A situation in which there is only one customer for a company's product. also called monopsony.

Monopoly market is one in which the leading company has at least 73.9% of the Market. See also: Market share.

When the production of a good or service with no close substitutes is carried out by a single firm with the MARKET POWER to decide the PRICE of its OUTPUT. Contrast with PERFECT COMPETITION, in which no single firm can affect the price of what it produces.

monopoly one firm in an industry selling a product for which there are no close substitutes. (10)
monopsony a situation in which there is a single buyer of a particular good or service in a given market. (12) ...

Monopoly - Exclusive control or possession by one group of the means of producing or selling goods or services.
More Flexible Exchange Rate System - The International Monetary Fund's name for a floating exchange rate system.

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.
Monte Carlo simulation ...

Monopoly - A situation in which one company or organisation has complete control of all, or nearly all, of the market for a particular type of product or service.

Mont Belvieu Propane
Moody's Seasoned Corporate Bond Yield ...

Monopoly can be considered the polar opposite of perfect competition. It is a market form in which there is only one seller. While, at first glance, a monopolistic form may appear to be rare, several industries in the United State have monopolies.

Monopoly - A market structure where there is one firm who dominates the industry. In the UK a monopoly is defined as when a firm controls more than 25% of the market.
Monopsony - A market with a single buyer or employer.

Pure monopoly
A market in which only one firm has total control over the entire market for a product due to some sort of barrier to entry for other firms, often a patent held by the controlling firm.
Pure play
A company involved in only one line of business.

[edit] Monopoly rent
Some returns are associated with legally enforced monopolies like patents or copyrights. In addition, companies like Microsoft and Intel have important de facto monopolies that can be quite valuable.

Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.
Lender liability lawsuits ...

Natural monopoly. A situation that occurs when one firm in an industry can serve the entire market at a lower cost than would be possible if the industry were composed of many smaller firms. Gas and water utilities are two classic examples of natural monopolies.

MONOPOLY PROFIT: Economic profit generated as a result of a firm's market control. It's termed monopoly profit as a reflection of the most prominent market structure with market control--monopoly.

monopolistic competition
asymmetrical information
downward sloping longrun average cost curve, ie. natural monopoly
price discrimination ...

Pure monopoly exists when there is only one supplier in the market. In practice significant monopoly power can be achieved through a large market share (25% or more).
Moores Law ...

Natural Monopoly
A type of monopoly that exists as a result of the high fixed or start-up costs of operating a business in a particular industry.

The state when a single company or person controls the market for a given service or product. In the UK, the Monopolies and Mergers Commissi...(Read more)
The suspension or delay of payments of principle and/or interest by a borrower on a loan....(Read more) ...

A list of high-quality debt and equity securities chosen by a state agency that are acceptable holdings for fiduciary institutions.
Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.
Legal opinion ...

SEC mandate invites monopoly
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Related Terms ...

There are four main idealized market structures that have been used in trade theory: perfect competition, monopoly, oligopoly, and monopolistic competition.
Market value
See factor cost.
Marketing board ...

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It may have the backing of the government, as is the case of a statutory monopoly like ESB. It may have control over the supply of raw materials, be a patent holder or the costs of entering the industry may be so prohibitive as to frighten off potential competition.
Monopoly ...

Edward Hastings Chamberlin (1933) in his Theory of monopolistic competition (1933) and by the British economist Joan Robinson (1933) in her Economics of Imperfect Competition (1933) to formalize an industry configuration which differs from the extreme situations of perfect competition and monopoly.

Includes what is termed "antitrust policy" in the United States and "antimonopoly policy" in most other countries, as well as regulation of state aids to industry .Competition policy seeks to affect market structure and market conduct, in order to achieve market performance goals.

COMPETITIVE POSITION: In basic cable it had traditionally held a near-monopoly position, especially considering it also owns one of the two satellite alternatives.

Virtual trading is like using Monopoly money. You start out thinking its real. Thats all well and good until its time to make an important trading decision. With Monopoly money, that little voice inside of you says, what the hell, lets hold on. Itll come back. Or, theres more profit in this trade.

Although this is a monopoly in most countries, and is illegal, it is perfectly legal in international law. The exporters have done so to keep the price of oil fairly high. Since oil is a non-renewable resource, when it's gone these exporters have nothing left to sell.

When compared to a monopoly a cartel has less control and the reason behind this is that in a monopoly a single group or company owns almost all the product or service in the market.

Government monopoly
Government Motor Vehicle
Government Mule
Government Mule (band)
Government Museum
Government National Mortgage Association
Government National Mortgage Association
Government National Mortgage Association
Government National Mortgage Association (aka GINNIE MAE) ...

This company would then be known as a natural monopoly. In fact, a natural monopoly as a result of economies of scale is exactly the contention made about AT&T prior to the 1974 United States Department of Justice antitrust suit against the company.

A cartel agreement is often accompanied by output and investment quotas. When a cartel gains monopoly power, it will normally seek to maximize profits by raising prices and limiting supply.
See also: Commodity, Monopoly, Organization of Petroleum Exporting Countries, ...

Domination by a single, like-minded governing elite of all (or virtually all) organized political, economic, social and cultural activities in a country by means of a single-party monopoly of power, ...

The properties in the board game Monopoly are named from streets in Atlantic City, NJ.
Quote of the day
Never give a party if you will be the most interesting person there.
Mickey Friedman ...

Chaebol dominate the Korean economy, growing out of the takeover of the Japanese monopoly of the Korean economy following World War II.

patent: a type of copyright granted as a fixed-term monopoly to an inventor by the state to prevent others copying an invention, or improvement of a product or process.

Antitrust immunity is a government action that prevents companies in vital industries from a collapse by protecting them from anti-monopoly or anti-trust charges.

Best for the firms (both collectively and individually) is to cooperate, charge monopoly price, and split the profits.

Honk Kong Stock Exchange began trading in informal securities in the 1800's before legitimizing in 1891. It has had several complex buyouts, mergers and co-operations over the years but has remained strong as its own entity. Although it is not the leader in Asia anymore, it did have the monopoly ...

or seller has the economic power to alter or fix the price of a product or service. Perfect competition is characterized by a large number of buyers and sellers, all selling similar products or services, with free access to resources and easy market accessibility. It is the opposite of a monopoly or ...

They prohibit a variety of practices that restrain trade. Examples of illegal practices are price-fixing conspiracies, corporate mergers likely to reduce the competitive vigor of particular markets, and predatory acts designed to achieve or maintain monopoly power.

See also: See also: Index, Perfect competition, Feedback, Population, Tip

Business  Monopolies  Monopoly profit

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