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Monopoly

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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Overview

Market structures

Characteristics

Sources of monopoly power

Monopoly versus competitive markets

Inverse elasticity rule

Price discrimination

Monopoly and efficiency

Mitigation

Law

Historical monopolies

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Map overview Semantic statistics

Monopoly

Nodes228
Edges227
Triples251
Avg. degree1.99
Density0.008772
Components1

How this topic connects Entity context

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Monopoly

Top relations

related to Sources of monopoly power · 34
Monopoly → Advertising, And, Capital, Control, Decreasing, Economic, Economies, Elasticity, First-mover, If, In, Intellectual, It, Legal, Manipulation, MES, Microsoft Office, Monopolies, Monopolistic, Network
related to Examples of possible/potential monopolies · 29
Monopoly → AAFES, Alko, British Columbia, Century Fox's, Court, European Commission, European Communities, Finland, First Instance, GMO, Iceland, In, LCBO, Liquor Distribution Branch, Microsoft, Monsanto, Norway, Ontario, Quebec, SAQ
related to Monopoly versus competitive markets · 28
Monopoly → AR, As Pindyck, Average, Barriers, Both, Elasticity, Every, Excess, For, If, In, Marginal, Monopolies, MR, Number, P-Max, PC, Product, Profit, Rubenfeld
related to Natural monopoly · 21
Monopoly → According, An, As, Average-cost, By, Companies, Fragmenting, Friedrich, Government, Left, Natural, Often, Regulation, Regulators, Social Economics, The, This, To, United States Postal Service, When
related to Price discrimination · 16
Monopoly → American, As, Deadweight, Ethiopia, Ethiopian, For, In, Partial, Perfect, Price, Similarly, These, This, Typically, United States, While
related to Mitigation · 15
Monopoly → American Telephone, AT, Examples, Excess, Federal Government, In, Kingsbury Commitment, MCI, Regulatory, Sprint, Standard Oil, Telegraph, The Bell System, When, While
related to Characteristics · 13
Monopoly → Decides, High, If, In, MC, MR, Other, Price, Profit, Single, Therefore, They, This
related to Monopoly and efficiency · 11
Monopoly → According, Because, Deadweight, For, Given, It, Sometimes, The, This, United Kingdom, Where
related to Foreign trade · 10
Monopoly → Balochistan, Company, Dutch East India Company, East Indies, Indian, North-West Frontier Province, The British East India, The Company, The East India Company, The Vereenigde Oost-Indische Compagnie
related to Origin · 10
Monopoly → Another, Aristotle, Aristotle's Politics, CE, Demai, English, Miletus's, Mishna, Thales, The

Important terminology Word statistics

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Important terminology

market price company demand competition power monopolies revenue curve discrimination one prices competitive cost may good would marginal monopolist product

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Monopolyis asingle seller0.90text
Monopolyis abusiness entity that has significant market power0.90text
Monopolyis astructure in which a single supplier produces and sells a given product or service0.90text
Monopolyis adownward-sloping curve or a negative slope0.90text
Monopolyis aparabola that begins at the origin and reaches a maximum value then continuously decreases until total revenue is again zero0.90text
Monopolyis aprice maker0.90text
Monopolyis amarket and prices are set by the monopolist based on their circumstances and not the interaction of demand and supply0.90text
Monopolyis aorganization that experiences increasing returns to scale over the relevant range of output and relatively high fixed costs0.90text
Monopolyis aoutcome of an initial rivalry between several competitors0.90text
industrial organizationinstance ofand provides the basis for topics0.80text
economics of regulationinstance ofand provides the basis for topics0.80text
where a person livesinstance ofSellers tend to rely on secondary information0.80text

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