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A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell') is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price…
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market price company demand competition power monopolies revenue curve discrimination one prices competitive cost may good would marginal monopolist product
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Monopoly | is a | single seller | 0.90 | text |
| Monopoly | is a | business entity that has significant market power | 0.90 | text |
| Monopoly | is a | structure in which a single supplier produces and sells a given product or service | 0.90 | text |
| Monopoly | is a | downward-sloping curve or a negative slope | 0.90 | text |
| Monopoly | is a | parabola that begins at the origin and reaches a maximum value then continuously decreases until total revenue is again zero | 0.90 | text |
| Monopoly | is a | price maker | 0.90 | text |
| Monopoly | is a | market and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply | 0.90 | text |
| Monopoly | is a | organization that experiences increasing returns to scale over the relevant range of output and relatively high fixed costs | 0.90 | text |
| Monopoly | is a | outcome of an initial rivalry between several competitors | 0.90 | text |
| industrial organization | instance of | and provides the basis for topics | 0.80 | text |
| economics of regulation | instance of | and provides the basis for topics | 0.80 | text |
| where a person lives | instance of | Sellers tend to rely on secondary information | 0.80 | text |
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