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Monopoly is a market structure in which one firm supplies the entire market.
The product supplied has no close substitutes. The market size can be large
or small.

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.

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 ~ 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 ~ and only the market in a commodity is completely free of ~ pricing power.

A ~ 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 ...

Natural ~
~ Power
About.Com Resources on ~: ...

exclusive control or possession of something; "They have no ~ on intelligence"
(economics) a market in which there are many buyers but only one seller; "a ~ on silver"; "when you have a ~ you can ask any price you like" ...

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

~ Price and Output
This tutorial shows how, in theory, a business firm that monopolizes its industry finds the price and output rate that maximize profit.

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

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

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

~ and oligopoly
Pure ~
The importance of the concept of perfect competition to the philosophy of competition policy is that it serves as a datum, or baseline, from which the departures which occur in the real world can be measured.

~ 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.

~ 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) ...

~ - 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 ...

~ - 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 ...

~ 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.

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

Pure ~
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] ~ 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 ~
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 ~
-Where the more of a product is made, the less the costs are
-Logical to have one producer ...

Natural ~. 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.

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

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

~ power
The degree of power held by the seller to set the price for a good. In U.S. antitrust law ~ power is not measured by market share. (Salon magazine, 1998/11/11)
Source: econterms ...

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

Natural ~
A type of ~ 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 ~
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 ~
See more articles mentioning "GAAP" or search FT.com
Related Terms ...

There are four main idealized market structures that have been used in trade theory: perfect competition, ~, 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 ~ 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.
~ ...

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 ~.

Includes what is termed "antitrust policy" in the United States and "anti~ 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.

There's corruption everywhere and developing countries do not have a ~ on it. But its wrong everywhere. There's nobody who thinks its right. I think I even said this during my orientation that President Collor in Brazil was elected on an anti-corruption platform.

Virtual trading is like using ~ money. You start out thinking its real. Thats all well and good until its time to make an important trading decision. With ~ 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 ~ 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 ~ a cartel has less control and the reason behind this is that in a ~ a single group or company owns almost all the product or service in the market.

This company would then be known as a natural ~. In fact, a natural ~ 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 ~ power, it will normally seek to maximize profits by raising prices and limiting supply.
See also: Commodity, ~, 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 ~ of power, ...

The properties in the board game ~ 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 ~ of the Korean economy following World War II.

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

Supply, Demand, and Equilibrium
~: Marginal Revenue and the Profit-Maximizing Price and Output Rate
Discounting Future Income
The Internal Rate of Return
Perils of the Internal Rate of Return
Risk Aversion and Insurance ...

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

Best for the firms (both collectively and individually) is to cooperate, charge ~ 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 ~ ...

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 ~ 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 ~ power.

See also: See also: What is the meaning of Index, Perfect competition, Elastic, Population, Monopolistic competition?

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