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  2. Monopoly - Wikipedia

    en.wikipedia.org/wiki/Monopoly

    Monopolies can be formed by mergers and integrations, form naturally, or be established by a government. In many jurisdictions, competition laws restrict monopolies due to government concerns over potential adverse effects. Holding a dominant position or a monopoly in a market is often not illegal in itself; however, certain categories of ...

  3. Monopolistic competition - Wikipedia

    en.wikipedia.org/wiki/Monopolistic_competition

    Monopolistic competition is a type of imperfect competition such that there are many producers competing against each other but selling products that are differentiated from one another (e.g., branding, quality) and hence not perfect substitutes. In monopolistic competition, a company takes the prices charged by its rivals as given and ignores ...

  4. Monopoly profit - Wikipedia

    en.wikipedia.org/wiki/Monopoly_profit

    Monopoly profit is an inflated level of profit due ... no firm can command elevated premiums for the price of goods and services as a result of sufficient competition ...

  5. Competition (economics) - Wikipedia

    en.wikipedia.org/wiki/Competition_(economics)

    Where perfect competition is defined by many small firms competition for market share in the economy, Monopolies are where one firm holds the entire market share. Instead of industry or market defining the firms, monopolies are the single firm that defines and dictates the entire market. [ 10 ]

  6. Market structure - Wikipedia

    en.wikipedia.org/wiki/Market_structure

    The total surplus of perfect competition market is the highest. And the total surplus of imperfect competition market is lower. In the monopoly market, if the monopoly firm can adopt first-level price discrimination, the consumer surplus is zero and the monopoly firm obtains all the benefits in the market. [15]

  7. 12 Most Famous Monopolies Of All Time

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

    This is why by law, a monopoly is defined as an entity which has significant market power, which includes the ability to charge extremely high prices and prevent the entry of competition.

  8. Monopoly price - Wikipedia

    en.wikipedia.org/wiki/Monopoly_price

    In microeconomics, a monopoly price is set by a monopoly. [1] [2] A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. [1] [2] Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. [1] [2]

  9. Monopolization - Wikipedia

    en.wikipedia.org/wiki/Monopolization

    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.