Monopoly

 

 

 

Monopoly

 

Glossary of business

 

Definition of monopoly

 

A monopoly is a firm that dominates the market and in the case of a pure monopoly has a 100% market share (produces the entire output of the industry). A monopolist will have a high degree of market power and therefore the ability to 'set' prices (within the constraints of demand in the market).

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of monopoly

 

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Meaning of monopoly

 

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What does monopoly mean ?

 

 

 

 

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