Monopoly

Definition

1. (Environments) A market situation where one firm markets all the goods or services and can influence price.
2. (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

1. ^ American Marketing Association, AMA Dictionary.