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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
However, when there is imperfect competition upstream and downstream rather than pure monopolies at both levels ex ante, vertical integration may also have effects on the intensity of competition upstream and/or downstream, with the associated price-cost margins and profits.
Who is so stupid that he cannot see that the trading companies are nothing but pure monopolies? ...
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.