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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 ...
Monopoly Live was announced at the New York Toy Fair in February 2011. [153] The Monopoly Millionaire version of the game was released in 2012. [154] In early 2013, a board game version of the Monopoly Hotels online game was released. [155]
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-depth analysis of the market and industry is needed for a court to judge whether the market is monopolized. If a company acquires its monopoly by using business acumen, innovation and superior products, it is regarded to be legal; if a firm achieves monopoly through predatory or exclusionary acts, then it leads to anti-trust concern.
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 ...
In 1998, Hasbro Interactive released a Monopoly video game for Microsoft Windows, which used 3D graphics instead of the top-down design used in previous versions. It ran on Windows 95 (although can be run on up to Windows XP , but will not work on Windows Vista and up) and had a special online play feature which used a modem .
Monopoly, a property trading board game; Monopoly, an American TV series; Monopoly video games, several adaptations of the board game; Monopoly: The Card Game, a card game loosely based on the board game
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.