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Additional Details
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maliknf | What is the definition of actual monopoly? |
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misty c
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1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.
2. an exclusive privilege to carry on a business, traffic, or service, granted by a government.
3. the exclusive possession or control of something.
4. something that is the subject of such control, as a commodity or service.
5. a company or group that has such control.
6. the market condition that exists when there is only one seller.
7. (initial capital letter) a board game in which a player attempts to gain a monopoly of real estate by advancing around the board and purchasing property, acquiring capital by collecting rent from other players whose pieces land on that property |
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bradleyxwright
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A monopoly, is basically where there are one or two major players dominating a market. For example, Coca-Cola and Pepsi. Or, Microsoft and Apple. |
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Gary
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no competition such as a water or a power company. |
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RaWr...???
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just the word "monopoly?"
here's what i got:
1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.
2. an exclusive privilege to carry on a business, traffic, or service, granted by a government.
3. the exclusive possession or control of something. |
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blindmelon5150
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Having complete domination over the business you are running and having no competition (Microsoft with the computer business) and Vince McMahon with the Sports Entertainment industry |
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Zachary S
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A monopoly is a persistent situation where there is only one provider of a product or service in a particular market. Monopolies are characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods. |
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