Monopoly
/ˈmɒnəpɒli/
Definitions
- (n.) Exclusive control or possession of the supply or trade in a commodity or service in a market.
The company held a monopoly over the local telecommunications market.
- (n.) A market structure characterized by a single seller dominating the market without competition.
The government's antitrust laws aim to prevent monopolies from forming.
Forms
- monopolies
See also
Commentary
Monopoly often implies legal or regulatory scrutiny due to anti-competitive concerns.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.