monopoly


monopoly
mo·nop·o·ly /mə-'nä-pə-lē/ n pl -lies
1: 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 section
2: one that has a monopoly

Merriam-Webster’s Dictionary of Law. . 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 pleasure
II index consortium (business cartel), exclusion, franchise (license), trust (combination of businesses)

Burton's Legal Thesaurus. . 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. . 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. . 2009.

monopoly
A market with only one producer or supplier.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 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. . 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. . 2013.

Synonyms:

Look at other dictionaries:

  • Monopoly — Daten zum Spiel Autor Elizabeth Magie Phillips, Charles Darrow Verlag Eigenverlag (ca. 1933), Parker Brothers (ab 1935), Waddington (ab 1936) …   Deutsch Wikipedia

  • Monopoly — Mo*nop o*ly, n.; pl. {Monopolies}. [L. monopolium, Gr. ?, ?; mo nos alone + ? to sell.] 1. The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some… …   The Collaborative International Dictionary of English

  • monopoly — monopoly, corner, pool, syndicate, trust, cartel are comparable rather than synonymous terms when they apply to a means of controlling prices. Monopoly denotes the exclusive control of a service (as telephone or telegraph service) or traffic (as… …   New Dictionary of Synonyms

  • monopoly — [mə näp′ə lē] n. pl. monopolies [L monopolium < Gr monopōlion, right of exclusive sale, monopōlia, exclusive sale < monos, single (see MONO ) + pōlein, to sell < IE base * pel > Lith pel̃nas, wages] 1. exclusive control of a commodity …   English World dictionary

  • Monopoly — trademark a very popular type of ↑board game that has been sold since the 1930s. Players use toy money to buy streets and buildings on squares on the board, and then make other players pay rent if they move onto those squares. The squares on the… …   Dictionary of contemporary English

  • Monopoly — Monopoly®   [ li; englisch »Monopol«] das, , Gesellschaftsspiel, bei dem mit Würfeln, Spielgeld, Anteilscheinen, symbolischen Häusern u. Ä. Grundstücksspekulation simuliert wird. * * * Mo|no|po|ly ® [...li], das; [nach engl. monopoly = Monopol]:… …   Universal-Lexikon

  • monopoly — (n.) exclusive control of a commodity or trade, 1530s, from L. monopolium, from Gk. monopolion right of exclusive sale, from MONO (Cf. mono ) + polein to sell, from PIE root *pel to sell (Cf. Skt. panate barters, purchases, Lith. pelnas …   Etymology dictionary

  • monopoly — ► NOUN (pl. monopolies) 1) the exclusive possession or control of the supply of a commodity or service. 2) an organization having a monopoly, or a commodity or service controlled by one. 3) exclusive possession or control of something. ORIGIN… …   English terms dictionary

  • Monopoly — ● Monopoly nom masculin (nom déposé) Jeu de société où les joueurs doivent acquérir par concurrence des terrains et des immeubles jusqu à en obtenir le monopole …   Encyclopédie Universelle

  • monopoly — [n] something held, owned exclusively cartel, consortium, copyright, corner, holding, oligopoly, ownership, patent, pool, possessorship, proprietorship, syndicate, trust; concept 710 Ant. distribution, jointownership, scattering, sharing …   New thesaurus


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