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MONOPOLY Definition Meaning - Merriam-Webster The meaning of MONOPOLY is exclusive ownership through legal privilege, command of supply, or concerted action; specifically : exclusive control of a particular market that is marked by the power to control prices and exclude competition
Monopoly - Wikipedia A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell') is a market in which one person or company is the only supplier of a particular good or service
MONOPOLY Definition Meaning | Dictionary. com Monopoly definition: exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices See examples of MONOPOLY used in a sentence
Monopoly - Meaning, Types, Characteristics, How to Measure? A monopoly is a market where one firm (or manufacturer) is the sole supplier of certain goods or services This firm faces no competition due to which it can set its own prices, thereby exercising full control over the market
Monopoly Definition Meaning | Britannica Dictionary MONOPOLY meaning: 1 : complete control of the entire supply of goods or of a service in a certain area or market; 2 : a large company that has a monopoly
What Is a Monopoly? [Economics 101] | Outlier In economics, a monopoly is a market with one seller and many buyers As the sole seller in the market, a monopolist has the power to set prices and earn extraordinary profits at the expense of consumers