A situation in which a single company owns all or nearly all of the market for a given type of product or service. This would happen in the case that there is a barrier to entry into the industry that allows the single company to operate without competition (for example, vast economies of scale, barriers to entry, or governmental regulation). In such an industry structure, the producer will often produce a volume that is less than the amount which would maximize social welfare.
Related information about monopoly:
- Hasbro Gaming – Monopoly Home
The official source for the Monopoly board game. Find out about the new Monopoly Millionaire game and other variations of the best board games Monopoly has ...
- Monopoly (game) - Wikipedia, the free encyclopedia
Monopoly is an American board game published by Parker Brothers. The game is named after the economic concept of monopoly, the domination of a market by ...
- Monopoly - Wikipedia, the free encyclopedia
A monopoly (from Greek monos μόνος (alone or single) + polein πωλεῖν (to sell)) exists when a specific person or enterprise is the only supplier of a particular ...
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Wheel and deal properties while passing GO! Monopoly Online, only at Pogo. com.
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The classic real estate game. Buy properties, build houses and hotels, collect rent from fellow players. Repeat as necessary until everyone else is bankrupt.
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Monopoly. 10103729 likes · 31179 talking about this.
- MONOPOLY :: McDonalds.com
MONOPOLY is back! And the game you know and love has better odds than ever – 1 in 4 wins.