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A monopoly has considerable although not unlimited market power. A monopoly has the power to set prices or quantities although not both. [37] A monopoly is a price maker. [38] The monopoly is the market [39] and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply. The two primary factors ...
With the trademark nullified, the name "Monopoly" entered the public domain, where the naming of games was concerned, and a profusion of non-Parker-Brothers variants were published. Parker Brothers and other firms lobbied the United States Congress and obtained a revision of the trademark laws.
Lizzie Magie's 1904 board design, The Landlord's Game, was a predecessor of Monopoly. The history of Monopoly can be traced back to 1903, [1] [7] when American anti-monopolist Lizzie Magie created a game called The Landlord's Game that she hoped would explain the single-tax theory of Henry George as laid out in his book Progress and Poverty.
In the United States and Canada, and to a lesser extent in the European Union, the modern law governing monopolies and economic competition is known by its original name — "antitrust law".
In United States antitrust law, monopolization is illegal monopoly behavior. The main categories of prohibited behavior include exclusive dealing, price discrimination, refusing to supply an essential facility, product tying and predatory pricing. Monopolization is a federal crime under Section 2 of the Sherman Antitrust Act of 1890.
Uncle Pennybags' full name was given as Milburn Pennybags, the character "In Jail" is named "Jake, the Jailbird", and the police officer on Go to Jail is named "Officer Mallory". [7] In 1999, Rich Uncle Pennybags was renamed Mr. Monopoly. That year, a Monopoly Jr. CD-ROM game was released in cereal boxes as part of a General Mills promotion. It ...
A legal monopoly, statutory monopoly, or de jure monopoly is a monopoly that is protected by law from competition. A statutory monopoly may take the form of a government monopoly where the state owns the particular means of production or government-granted monopoly where a private interest is protected from competition such as being granted exclusive rights to offer a particular service in a ...
Monopoly (cereal), a breakfast food based on Cinnamon Toast Crunch; Monopoly (McDonald's), a McDonald's sales promotion using the theme of board game Monopoly; Monopoly money, the play money used in the board game, or any worthless currency; Monopoly, 2009; Monopoly (wine), an area controlled by a single winery