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  2. Monopoly - Wikipedia

    en.wikipedia.org/wiki/Monopoly

    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 ...

  3. Monopoly price - Wikipedia

    en.wikipedia.org/wiki/Monopoly_price

    Market power is the firm's ability to affect terms and conditions of exchange. [13] A monopoly possesses a substantial amount of market power, however, it is not unlimited. A monopoly is a price maker, not a price taker, meaning that a monopoly has the power to set the market price.

  4. Government-granted monopoly - Wikipedia

    en.wikipedia.org/wiki/Government-granted_monopoly

    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.

  5. Market failure - Wikipedia

    en.wikipedia.org/wiki/Market_failure

    Different economists have different views about what events are the sources of market failure. Mainstream economic analysis widely accepts that a market failure (relative to Pareto efficiency) can occur for three main reasons: if the market is "monopolised" or a small group of businesses hold significant market power, if production of the good or service results in an externality (external ...

  6. Anti-competitive practices - Wikipedia

    en.wikipedia.org/wiki/Anti-competitive_practices

    Natural monopoly: This type of monopoly occurs when a firm can efficiently supply the entire market due to economies of scale, where larger production leads to lower costs. For example, in some cases, utilities (such as those providing electricity or water) may operate as natural monopolies due to high infrastructure and distribution costs.

  7. Monopolistic competition - Wikipedia

    en.wikipedia.org/wiki/Monopolistic_competition

    The long-run characteristics of a monopolistically competitive market are almost the same as a perfectly competitive market. Two differences between the two are that monopolistic competition produces heterogeneous products and that monopolistic competition involves a great deal of non-price competition, which is based on subtle product ...

  8. 12 Most Famous Monopolies Of All Time

    www.aol.com/news/12-most-famous-monopolies-time...

    Jirat Teparaksa/Shutterstock.com. 6. De Beers. De Beers is one of the most controversial companies among the biggest monopolies of all time, which is saying something.

  9. Monopolization - Wikipedia

    en.wikipedia.org/wiki/Monopolization

    Monopolization is defined as the situation when a firm with durable and significant market power. For the court, it will evaluate the firm’s market share. Usually, a monopolized firm has more than 50% market share in a certain geographic area. Some state courts have higher market share requirements for this definition.