Home -› MONOPOLY

Online dictionary

Social Science Categories

Economics

BEA Economic Analysis Dictionary Environmental Economics Dictionary Dictionary of Political Economy

Education

Learning & Performance Dictionary Petersons Dictionary of Financial Aid Terms Fraternity Dictionary

History

Knighthood & Chivalry Dictionary Medieval Dictionary Castle Dictionary Dictionary of Genealogy

Political Science

Dictionary of National St&ards for Civics & Government Dictionary of Parliamentary Procedure Constitution of the Islamic Republic of Iran Civil Code of the Islamic Republic of Iran

Psychology

Dictionary of Phobia Dictionary of Parental Acceptance Rejection Theory

Sociology

Sociology Dictionary
Definition Of:

MONOPOLY

Bible DictionaryEnvironmental Economics Dictionary
A market with only one supplier.
Bible DictionaryDictionary of Political Economy
Literally, "single seller." A situation in which a single firm or individual produces and sells the entire output of some good or service available within a given market. If there are no close substitutes for the good or service in question, the monopolist will be able to set both the level of output and the price at such a level as to maximize profits without worrying about being undercut by competitors (at least in the short run). If demand for the good or service being sold by the monopolist is highly inelastic, prices and the rate of profit in the industry will tend to be higher (and output lower) than under competitive conditions and prices may in fact be noticeably higher than the marginal costs of production for substantial periods of time. To keep new competitors from entering the industry and flooding the market with additional supply in response to the unusually high rate of profit, monopolists historically have typically had to rely in the long run upon some sort of legal barriers to entry erected by government -- either an open grant of protected monopoly that legally forbids competitors to enter the market, or a regulatory regime that in practice makes it almost impossible for new competitors to meet required standards, or perhaps only such more transient barriers to entry as legally protected patent rights or copyrights for essential technology. However, see also entries under barriers to entry, cartelnatural monopoly and competition.
Bible DictionarySociology Dictionary
A situation in which a single producer dominates in a given industry or market (see also OLIGOPOLY).

 

Social Science Dictionary INDEX:


List of Terms: Terms beginning with "A", Page 1

Starts With:  A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 3
Page Number:  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

A: Page 1 of 19.

AAGRA
AAR
ABOLFAZL SHADVAR
ABSOLUTE POVERTY
ACCRUED INTEREST
ACHIEVED STATUS
ACID RAIN
ACUTE DISEASE
ADAPTATION
ADJUSTED GROSS ...AERO
AFFIRMATIVE ACT...
AG
AGE GRADES
AGE STRUCTURE
AGEISM
AGENCIES OF SOC...AGRA
AGRARIAN SOCIET...AGRIBUSINESS
AIDS (Acquired ...
AIR POLLUTION
ALAA
ALIENATION
ANDROGYNY
ANIMISM
ANOMIA
ANOMIE
ANOMIE THEORY
ANTHROPOLOGY
APARTHEID
APEC
APG
APPROPRIATE TEC...ARMS RACE
ARMS TRADE
ARRANGED MARRIA...ASCRIBED STATUS
ASSET PROTECTIO...
ASSETS
ASSIMILATION
AUTHORITARIAN P...
AUTHORITY
AUTOCRATIC RULE
AUTOMATION
Abatement
Abbey
Abbot
Ability-to-Pay ...Ablutophobia
Absolute Advant...
Absolute advant...Abundance
Acarophobia
Accelerator
Acceptance
Acceptance-reje...
Accolade
Accoutrement
Acerophobia
Acheronophobia
Achluophobia
Acid Rain
Acousticophobia
Acquired Endowm...Acquittal
Acre
Acrophobia
Act of Parliame...
Acting Speaker
Active Alumni M...Adaptive Expect...
Additive
Address in Repl...Administrator o...
Admiral
Adoubement
Advance estimate
Adventurous Shi...Adverse Selecti...Aeroacrophobia
Aeronausiphobia
Aerophobia
Affection
Agency problem
Agency problem ...Agency problem ...
Aggregate Deman...Aggregate Expen...Aggregate Suppl...
Aggregate demand
Aggregate supply
Aggression
Agincourt, Batt...Agliophobia
Agoraphobia
Agraphobia
Agrizoophobia
Agyrophobia

Home   |   Contact Us   |   About Us   |  
Copyright © 2008 socialsciencedictionary.com. All rights reserved.