monopoly


monopoly
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. Bloomberg Financial Dictionary

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monopoly mo‧nop‧o‧ly [məˈnɒpli ǁ məˈnɑː-] noun monopolies PLURALFORM
1. [countable, uncountable] ECONOMICS a situation where a business activity is controlled by only one company or by the government, and other companies do not compete with it:

• The national airline is no longer a monopoly. At least 10 new airlines now compete against it.

monopoly on

• For years, it enjoyed a monopoly on oil exploration and production in Argentina.

• The company has been granted a monopoly over Italian high-speed train lines.

• There remains the threat of monopoly.

comˌmercial moˈnopoly [countable] ECONOMICS
a situation in which one supplier or buyer can control the price of a type of goods or service :

• Between 1770 and 1830, the British East Company had a commercial monopoly over all products coming out of India.

ˌlegal moˈnopoly [countable, uncountable] ECONOMICS
a monopoly allowed by the law of a particular country
ˌnatural moˈnopoly [countable, uncountable] ECONOMICS
an industry where there is only one producer because of the nature of the industry:

• Natural monopoly leads to socially inefficient outcomes: too little output and too high a price.

ˌstate moˈnopoly also ˌpublic moˈnopoly [countable, uncountable] ECONOMICS
a monopoly that is owned and managed by a government:

• For a long time in Europe, broadcasting was a state monopoly, with public service obligations.

• The statutory public monopoly of electricity supply has been ended.

2. have/​hold a monopoly on something if one person, group, or organization has a monopoly on something, they have something that others do not have:

• This bank does not have a monopoly on bad loans.

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   When a single person or organization controls the market for a given product or service.
   ► See also Oligopoly.

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monopoly UK US /məˈnɒpəli/ noun (plural monopolies)
[C or U] ECONOMICS a situation in which one company or person or a government has no competition in the sale of a particular product or service and is able to control its supply and price: business/corporate/government monopolies »

He argues that farm subsidies help keep agricultural land away from corporate monopolies.

a monopoly of sth »

Each firm has a monopoly of goods that tend to be used together.

a monopoly in/on sth »

A decision by the Supreme Court struck down the state's monopoly on radio and television stations.

[C] ECONOMICS a company, person, etc. that is the only one supplying a particular product or service: »

The Justice Department is suing the company because they claim that it used unfair tactics to become a monopoly.

[C] something that is controlled by one person or group and not shared by others: »

The network is a monopoly of the state telephone company.

See also BILATERAL MONOPOLY(Cf. ↑bilateral monopoly), COMMERCIAL MONOPOLY(Cf. ↑commercial monopoly), LEGAL MONOPOLY(Cf. ↑legal monopoly), NATURAL MONOPOLY(Cf. ↑natural monopoly), PUBLIC MONOPOLY(Cf. ↑public monopoly), STATE MONOPOLY(Cf. ↑state monopoly)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Monopoly — Daten zum Spiel Autor Elizabeth Magie Phillips, Charles Darrow Verlag Eigenverlag (ca. 1933), Parker Brothers (ab 1935), Waddington (ab 1936) …   Deutsch Wikipedia

  • monopoly — mo·nop·o·ly /mə nä pə lē/ n pl lies 1: exclusive control of a particular market that is marked by the power to control prices and exclude competition and that esp. is developed willfully rather than as the result of superior products or skill see …   Law dictionary

  • Monopoly — Mo*nop o*ly, n.; pl. {Monopolies}. [L. monopolium, Gr. ?, ?; mo nos alone + ? to sell.] 1. The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some… …   The Collaborative International Dictionary of English

  • monopoly — monopoly, corner, pool, syndicate, trust, cartel are comparable rather than synonymous terms when they apply to a means of controlling prices. Monopoly denotes the exclusive control of a service (as telephone or telegraph service) or traffic (as… …   New Dictionary of Synonyms

  • monopoly — [mə näp′ə lē] n. pl. monopolies [L monopolium < Gr monopōlion, right of exclusive sale, monopōlia, exclusive sale < monos, single (see MONO ) + pōlein, to sell < IE base * pel > Lith pel̃nas, wages] 1. exclusive control of a commodity …   English World dictionary

  • Monopoly — trademark a very popular type of ↑board game that has been sold since the 1930s. Players use toy money to buy streets and buildings on squares on the board, and then make other players pay rent if they move onto those squares. The squares on the… …   Dictionary of contemporary English

  • Monopoly — Monopoly®   [ li; englisch »Monopol«] das, , Gesellschaftsspiel, bei dem mit Würfeln, Spielgeld, Anteilscheinen, symbolischen Häusern u. Ä. Grundstücksspekulation simuliert wird. * * * Mo|no|po|ly ® [...li], das; [nach engl. monopoly = Monopol]:… …   Universal-Lexikon

  • monopoly — (n.) exclusive control of a commodity or trade, 1530s, from L. monopolium, from Gk. monopolion right of exclusive sale, from MONO (Cf. mono ) + polein to sell, from PIE root *pel to sell (Cf. Skt. panate barters, purchases, Lith. pelnas …   Etymology dictionary

  • monopoly — ► NOUN (pl. monopolies) 1) the exclusive possession or control of the supply of a commodity or service. 2) an organization having a monopoly, or a commodity or service controlled by one. 3) exclusive possession or control of something. ORIGIN… …   English terms dictionary

  • Monopoly — ● Monopoly nom masculin (nom déposé) Jeu de société où les joueurs doivent acquérir par concurrence des terrains et des immeubles jusqu à en obtenir le monopole …   Encyclopédie Universelle

  • monopoly — [n] something held, owned exclusively cartel, consortium, copyright, corner, holding, oligopoly, ownership, patent, pool, possessorship, proprietorship, syndicate, trust; concept 710 Ant. distribution, jointownership, scattering, sharing …   New thesaurus