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Bookmark or Share- monopoly and competition - Encyclopedia BritannicaIn economics, monopoly and competition signify certain complex relations among firms in an industry. A monopoly implies an exclusive possession of a market by a supplier of a product or a service for which there is no substitute.
- Monopolization Defined | Federal Trade CommissionCourts do not require a literal monopoly before applying rules for single firm conduct; that term is used as shorthand for a firm with significant and durable market power — that is, the long term ability to raise price or exclude competitors.
- Monopolization Definition & Meaning - Merriam-Webster: to get a monopoly of : assume complete possession or control of. monopolize a conversation. monopolization. mə-ˌnä-pə-lə-ˈzā-shən. noun. monopolizer. mə-ˈnä-pə-ˌlī-zər. noun. Synonyms. sew up. See all Synonyms & Antonyms in Thesaurus. Examples of monopolize in a Sentence. He's always monopolizing the conversation.
- Competition and monopoly in the U.S. economy: What do the industrial ...For monopolies, output decisions directly change total supply and hence the market price. By limiting output, monopolies increase the market price above marginal cost and earn ‘monopoly profits’, or ‘rents’, defined as returns to inputs in excess of the amount necessary to keep them in operation.
- Making Sense of Monopolization - New York University School of LawMAKING SENSE OF MONOPOLIZATION. For monopolists of all kinds, the monopolization offense in Section 2 of the Sherman Act defines the contour between lawful competition and illegitimate foul play. It applies to everything from pricing decisions to acquisitions of promising rivals.
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