GEMET
General
Multilingual
Environmental
Thesaurus
monopoly
Definition

The market condition where a particular commodity or service has only one seller, either because the seller has exclusive possession of an essential input or because large economies of scale inhibit the entrance of a competitor into the market.

Related terms
Broader:
Themes:
Other relations
Scope note

Scope note is not available.

Concept URL: http://www.eionet.europa.eu/gemet/concept/5357