Pure monopoly

(redirected from Perfect Monopoly)

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 ?
Performance varies along a continuum bounded by perfect competition and perfect monopoly, but not in predictable ways.
In effect Welsh Water is what economists call a pure or perfect monopoly, and can do more or less what it likes.
Last week, opponents filed formal papers with the FCC outlining their objections, chief of which is that the merger would create a perfect monopoly in rural markets where there is no access to cable.