- monopoly
-
mo·nop·o·ly /mə-'nä-pə-lē/ n pl -lies1: exclusive control of a particular market that is marked by the power to control prices and exclude competition and that esp. is developed willfully rather than as the result of superior products or skill see also antitrust; sherman antitrust act in the important laws section2: one that has a monopoly
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- monopoly
-
I
noun
control, control of the market, control of trade, domination, exclusive control, exclusive possession, exclusive privilege to carry on a traffic, exclusive right, monopolium, oligopoly, sole control of a commodity
associated concepts: antitrust laws, combination in restraint of trade, exemptions from antitrust laws, price fixing, trust
foreign phrases:
- Commerclum jure gentium commune esse debet, et non in monopolium et privatum paucorum quaestum convertendum. — By the law of nations, commerce ought to be common and not converted into a monopoly and the private gain of a few persons- Monopolia dicitur, cum unus solus aliquod genus mercaturae universum emit, pretium ad suum libitum statuens. — A monopoly is said to exist when one person alone buys up the whole of one kind of commodity, fixing a price at his own pleasureII index consortium (business cartel), exclusion, franchise (license), trust (combination of businesses)
Burton's Legal Thesaurus. William C. Burton. 2006
- monopoly
-
n.Exclusive possession or control of a supply of some commodity or an industry by one or a few people or businesses; a market condition in which a single person or company controls the entire trade in something.v.monopolize
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- monopoly
-
When a business controls so much of the production or sale of a product or service to control the market, including prices and distribution. Business practices and/or acquisitions that tend to create a monopoly may violate various federal statutes that regulate or prohibit business trusts and monopolies or prohibit restraint of trade, such as the Clayton Act. Public utilities such as electric, gas, and water companies may hold a monopoly in a particular geographic area since it is the only practical way to provide the public service; they are regulated by state public utility commissions.Category: Business, LLCs & Corporations
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- monopoly
-
A market with only one producer or supplier.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- monopoly
-
n. The domination of a commercial market by only one supplier, worldwide or in a particular region.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
- monopoly
-
An economic advantage held by one or more persons or companies deriving from the exclusive power to carry on a particular business or trade or to manufacture and sell a particular item, thereby suppressing competition and allowing such persons or companies to raise the price of a product or service substantially above the price that would be established by a free market.
Dictionary from West's Encyclopedia of American Law. 2005.
- monopoly
-
An economic advantage held by one or more persons or companies deriving from the exclusive power to carry on a particular business or trade or to manufacture and sell a particular item, thereby suppressing competition and allowing such persons or companies to raise the price of a product or service substantially above the price that would be established by a free market.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- monopoly
-
n.a business or inter-related group of businesses which controls so much of the production or sale of a product or kind of product as to control the market, including prices and distribution. Business practices, combinations and/or acquisitions which tend to create a monopoly may violate various federal statutes which regulate or prohibit business trusts and monopolies or prohibit restraint of trade. However, limited monopolies granted by a manufacturer to a wholesaler in a particular area are usually legal, since they are like "licenses." Public utilities such as electric, gas and water companies may also hold a monopoly in a particular geographic area since it is the only practical way to provide the public service, and they are regulated by state public utility commissions.
Law dictionary. EdwART. 2013.
