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In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices, which is associated with unfair price raises. [2] Although monopolies may be big businesses, size is not a characteristic of a monopoly.
Articles related to monopoly, the situation when a specific person or enterprise is the only supplier of a particular commodity. This contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly and duopoly which consists of a few sellers dominating a market. [1]
This file was moved to Wikimedia Commons from en.wikibooks using a bot script. All source information is still present. It requires review.Additionally, there may be errors in any or all of the information fields; information on this file should not be considered reliable and the file should not be used until it has been reviewed and any needed corrections have been made.
Monopoly (economics) Add languages. Add links. Article; Talk; ... Download QR code; Print/export Download as PDF; Printable version; In other projects
Monopoly Capital: An Essay on the American Economic and Social Order is a 1966 book by the Marxian economists Paul Sweezy and Paul A. Baran. It was published by Monthly Review Press . It made a major contribution to Marxian theory by shifting attention from the assumption of a competitive economy to the monopolistic economy associated with the ...
Monopoly is a multiplayer economics-themed board game. In the game, players roll two dice to move around the game board, buying and trading properties and developing them with houses and hotels. Players collect rent from their opponents and aim to drive them into bankruptcy.
The above picture shows a monopolist (only one firm in the industry/market) that obtains a (monopoly) economic profit. An oligopoly usually has "economic profit" also, but usually faces an industry/market with more than just one firm (they must share available demand at the market price).