Pure monopoly

(redirected from Pure Monopolies)

Pure monopoly

A market in which only one firm has total control over the entire market for a product due to some sort of barrier to entry for other firms, often a patent held by the controlling firm.

Pure Monopoly

A company that has total control of a given market. Most of the time, a pure monopoly exists in a situation in which a company has a patent or uses some technology that is popular with consumers, but is protected from use by another company, at least for limited period of time. See also: Duopoly, Antitrust.
References in periodicals archive ?
There have been relatively few examples throughout history of pure monopolies, and those are usually a government franchise.
The classic model that underlies the [TABULAR DATA FOR TABLE I OMITTED] conventional wisdom about double marginalization assumed successive pure monopolies ([Lambda] = 1), which clearly is sufficient for integration to be profitable.
For example, models of successive pure monopolies first revealed that double marginalization could create a profit motive.