A monopoly is a market condition in which a single seller controls the entire output of a particular good or service. A firm is a monopoly if it is the sole seller of its product and if its product has no close substitutes. Close substitutes are those...

A firm or individual (the monopolist) has a monopoly over the provision of a good or service when there is no alternative provider. The monopolist can select a combination of price and sales from all the market possibilities represented by the demand...

Invented, ironically, during the Great Depression of the 1930s, the game of Monopoly symbolizes and exploits the capitalist ethic and was an immediate success. It became the quintessential American board game and, by the late 1990s, was still the...

The sole producer of the entire output of goods and services of an industry. A monopoly usually has INELASTIC demand for its products, unless the industry is so narrowly defined that there are some near substitutes produced by other industries. Under...

A monopoly (from Greek mono(μονό), alone or single + polο (πωλώ), to sell) is a persistent situation where there is only one provider of a product or service in a particular market. Monopolies are characterized by a lack of economic competition...

I DON'T want to bore readers too much with the tale of the cesspit and Bearbull's country retreat. Suffice to say that this private drainage system has a new owner with a sharper eye for the main chance than his genteel predecessor. The...

THE US APPEALS Court in Washington tried to forestall the break up of Microsoft yesterday, but the judges had to conclude that the company was a monopoly. Now a district court, armed with this ambiguous opinion, gets the task of dealing with this aggressive...

There are many things I hate about my vacation being over. For example, back in the daily grind, I once again have to get up at 5:30 a.m. and walk the dog, then take the subway to work. When I'm on vacation,...

Mexico's state oil monopoly is in "critical" condition and needs to boost exploration and seek outside expertise to replenish oil reserves that are currently set to last less than a decade, energy officials said Sunday.President Felipe Calderon, however, said during a ceremony marking the 69th...

Defines monopolies and describes how they have helped certain businesses thrive. Discusses the advantages of business monopolies for new technologies. Examines government regulation of monopolies.