Definition
- (Environments) A market situation where one firm markets all the goods or services and can influence price.
- (Economic) The complete control of an economic good for which there is no substitute.[1]
See also
- Duopoly
- Imperfect competition
- Monopolistic competition
- Monopsony
- Oligopolistic competition
- Oligopoly
- Oligopsony
- Perfect competition
- Pure competition
- Workable competition
References
- ^ American Marketing Association, AMA Dictionary.