Control of a product, market, or industry by one individual or company A commodity that is characterized by the absence of competition (See also competition, and deregulation, )
Exclusive control of a commodity or service by one seller Under the current system of regulation, electric utilities are typically monopolies within their designated service territories (See Monopsony, Oligopoly)
a situation in which a firm can influence the price at which it sells its output by varying the amount it produces and offers for sale (adapted from Hyman, 1983) In a pure monopoly, there is no other firm which produces a close substitute for the firm's product Thus the demand curve facing the monopolist is the market demand curve (Folland et al , 1997) (S4, IV) chinese | russian
If a company, person, or state has a monopoly on something such as an industry, they have complete control over it, so that it is impossible for others to become involved in it. Russian moves to end a state monopoly on land ownership. the governing party's monopoly over the media
A situation in which solely one company exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it
{i} exclusive control of a commodity or service in a particular market; total access or privilege to the exclusion of competitors