Monopoly
From Wikipedia, the free encyclopedia
- This article is about the monopolies in economics. For the Parker Brothers board game see Monopoly (game).
In economics, a monopoly (from the Greek monos, one + polein, to sell) is when a product or service can only be bought from one supplier. In many places, utilities such as telephone service or cable television are monopolies. The market is owned/dominated mainly by one company.
Many countries, including the United States, have laws to stop companies from having a monopoly.
Other pages [change]
| Different Market forms |
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| Perfect competition • Monopolistic competition • Oligopoly • Oligopsony • Monopoly • Natural monopoly • Monopsony |
