Monopoly
Monopoly
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Summary of Monopoly
The condition in which a given product or service can be obtained only from a single supplier that is free to use its market position to exact excessive prices for the product or service it controls. The Sherman Act of 1890 makes monopolies and attempts to monopolize illegal in the United States. (Main Author: William J. Miller)
Monopoly in International Trade
Meaning of Monopoly, according to the Dictionary of International Trade (Global Negotiator): A market with a single supplier for example of telecommunications or energy (gas, electricity).
Results of World Economic Forum Survey Results on Antimonopoly Policy
Country and Rating: Argentina 3.8 Israel 5.7 Romania 3.7 Australia 5.7 Italy 5.2 Russia 3.1 Belgium 5.8 Jamaica 3.9 Slovakia 3.8 Brazil 4.7 Japan 5.0 Slovenia 4.2 Canada 5.6 Korea 4.7 South Africa 4.8 Chile 5.1 Latvia 3.8 Spain 5.2 Costa Rica 3.7 Lithuania 3.4 Sri Lanka 3.8 Czech Rep 3.7 Mexico 4.0 Sweden 5.5 Denmark 5.7 Netherlands 6.2 Switzerland 5.0 Estonia 4.2 New Zealand 5.5 Taiwan 5.2 Finland 6.6 Norway 5.3 Thailand 3.9 France 5.8 Panama 4.0 Turkey 4.1 Germany 6.2 Peru 3.8 Ukraine 3.3 Greece 4.1 Phillipines 3.8 United Kingdom 5.8 Hungary 4.8 Poland 4.6 United States 6.0 Indonesia 3.6 Portugal 4.5 Venezuela 3.8
Monopoly (in the Human Development Area)
In this context, Monopoly means:
is one of the market situation in which a single seller controls the entire output of a particular good or service. The seller is then able to set the price and output of the good entirely in their own interest, getting monopolistic extra-profit without increasing efficiency of the production process.
Resources
Professional Content and Learning Tools
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See Also
Including similar content viewed by others, in case you missed it:
Enterprise
Joint Enterprise
Joint Venture
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
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Further Reading
Fingleton, John, Eleanor Fox, Damien Neven, and Paul Seabright. 1998. Competition Policy and the Transformation of Central Europe. London: Centre for Economic Policy Research.
Gal, Michal. 2003. Competition Policy for Small Market Economies. Cambridge, MA: Harvard University Press.
Ginarte, Juan Carlos and Walter G. Park. 1997. Determinants of Patent Rights: A CrossNational Study. Research Policy 26: 283-301.
Global Competition Review. 2000, 2001. Rating the Regulators.
Global Competition Review. 2003. The 2003 Handbook of Competition Enforcement Agencies. London, United Kingdom.
Graham, Edward M. and J. David Richardson, eds. 1997. Global Competition Policy. Washington, DC: Institute for International Economic
Pittman, Russell. 1998. Competition Law in Central and Eastern Europe: Five Years Later. Antitrust Bulletin 179-197.
Rapp, Richard and Richard Rozek. 1990. Benefits and Costs of Intellectual Property Protection in Developing Countries. Journal of World Trade 24: 75-102.
Rowley, J. William and Donald I. Baker, eds. 2001. International Mergers: the Antitrust Process, 3rd Edition. London: Sweet & Maxwell.
Hierarchical Display of Monopoly
Business And Competition > Competition > Restriction on competition
Business And Competition > Competition > Restrictive trade practice > Horizontal agreement > Cartel
Trade > Consumption > Goods and services > Service > Universal service
Monopoly
Concept of Monopoly
See the dictionary definition of Monopoly.
Characteristics of Monopoly
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Monopoly
Spanish: Monopolio
French: Monopole
German: Monopol
Italian: Monopolio
Portuguese: Monopólio
Polish: Monopol
Thesaurus of Monopoly
Business And Competition > Competition > Restriction on competition > Monopoly
Business And Competition > Competition > Restrictive trade practice > Horizontal agreement > Cartel > Monopoly
Trade > Consumption > Goods and services > Service > Universal service > Monopoly
See Also
Including similar content viewed by others, in case you missed it:
Marketing monopoly
Trading monopoly