Monopoly

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Monopoly

Summary of Monopoly

The condition in which a given product or service can be obtained only from a single supplier that is free to use its market position to exact excessive prices for the product or service it controls. The Sherman Act of 1890 makes monopolies and attempts to monopolize illegal in the United States.

(Main Author: William J. Miller)

Monopoly in International Trade

Meaning of Monopoly, according to the Dictionary of International Trade (Global Negotiator): A market with a single supplier for example of telecommunications or energy (gas, electricity).

Results of World Economic Forum Survey Results on Antimonopoly Policy

Country and Rating:
Argentina 3.8
Israel 5.7
Romania 3.7
Australia 5.7
Italy 5.2
Russia 3.1
Belgium 5.8
Jamaica 3.9
Slovakia 3.8
Brazil 4.7
Japan 5.0
Slovenia 4.2
Canada 5.6
Korea 4.7
South Africa 4.8
Chile 5.1
Latvia 3.8
Spain 5.2
Costa Rica 3.7
Lithuania 3.4
Sri Lanka 3.8
Czech Rep 3.7
Mexico 4.0
Sweden 5.5
Denmark 5.7
Netherlands 6.2
Switzerland 5.0
Estonia 4.2
New Zealand 5.5
Taiwan 5.2
Finland 6.6
Norway 5.3
Thailand 3.9
France 5.8
Panama 4.0
Turkey 4.1
Germany 6.2
Peru 3.8
Ukraine 3.3
Greece 4.1
Phillipines 3.8
United Kingdom 5.8
Hungary 4.8
Poland 4.6
United States 6.0
Indonesia 3.6
Portugal 4.5
Venezuela 3.8

Monopoly (in the Human Development Area)

In this context, Monopoly means:

is one of the market situation in which a single seller controls the entire output of a particular good or service. The seller is then able to set the price and output of the good entirely in their own interest, getting monopolistic extra-profit without increasing efficiency of the production process.

Resources

See Also

  • Enterprise
  • Joint Enterprise
  • Joint Venture

Resources

Further Reading

  • Fingleton, John, Eleanor Fox, Damien Neven, and Paul Seabright. 1998. Competition
    Policy and the Transformation of Central Europe. London: Centre for Economic
    Policy Research.
  • Gal, Michal. 2003. Competition Policy for Small Market Economies. Cambridge, MA:
    Harvard University Press.
  • Ginarte, Juan Carlos and Walter G. Park. 1997. Determinants of Patent Rights: A CrossNational Study. Research Policy 26: 283-301.
  • Global Competition Review. 2000, 2001. Rating the Regulators.
  • Global Competition Review. 2003. The 2003 Handbook of Competition Enforcement
    Agencies. London, United Kingdom.
  • Graham, Edward M. and J. David Richardson, eds. 1997. Global Competition Policy.
    Washington, DC: Institute for International Economic
  • Pittman, Russell. 1998. Competition Law in Central and Eastern Europe: Five Years
    Later. Antitrust Bulletin 179-197.
  • Rapp, Richard and Richard Rozek. 1990. Benefits and Costs of Intellectual Property
    Protection in Developing Countries. Journal of World Trade 24: 75-102.
  • Rowley, J. William and Donald I. Baker, eds. 2001. International Mergers: the Antitrust
    Process, 3rd Edition. London: Sweet & Maxwell.

Hierarchical Display of Monopoly

Business And Competition > Competition > Restriction on competition
Business And Competition > Competition > Restrictive trade practice > Horizontal agreement > Cartel
Trade > Consumption > Goods and services > Service > Universal service

Monopoly

Concept of Monopoly

See the dictionary definition of Monopoly.

Characteristics of Monopoly

Resources

Translation of Monopoly

Thesaurus of Monopoly

Business And Competition > Competition > Restriction on competition > Monopoly
Business And Competition > Competition > Restrictive trade practice > Horizontal agreement > Cartel > Monopoly
Trade > Consumption > Goods and services > Service > Universal service > Monopoly

See also

  • Marketing monopoly
  • Trading monopoly

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