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monopoly |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.13 sec. |
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Monopoly Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price.
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| With deregulation and demonopolization of the area, I see my products and services working with small guys that want to start phone companies. Valuing the promotion of entrepreneurship in the development of small-sized and medium-sized enterprises and industries by civil society, and of privatization, demonopolization and the simplification of administrative procedures, the Assembly invited (50/106) Member States to provide infrastructure services, and encourage private-sector cost-effective involvement in the construction, use and maintenance of infrastructure. Klaus abruptly dismisses the idea of privatizing telecommunications despite spotty service in the republic and radical demonopolization of the industry worldwide. |
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