Meaning of monopolistic in Englishhaving or trying to have complete control of something, especially an area of business, so that others have no share: She did not consider the fine a sufficient deterrent against monopolistic practices by big producers.
A monopolistic market is a theoretical condition that describes a market where only one company may offer products and services to the public. A monopolistic market is the opposite of a perfectly competitive market, in which an infinite number of firms operate.
Restaurants, hair salons, household items, and clothing are examples of industries with monopolistic competition. Items like dish soap or hamburgers are sold, marketed, and priced by many competing companies.
Definition: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
The origin of the prefix poly- is from an ancient Greek word which meant “many.” This prefix appears in, well, “many” English vocabulary words, such as polysyllabic, polyhedron, and Polynesia.
Coca-Cola is not a monopolistic competition because it operates in an oligopoly market structure. Oligopoly is a market structure where a few large firms dominate the market and can influence prices.
The FTC portrays Amazon as a monopoly by narrowing the relevant market to “online superstores.” That definition conveniently limits Amazon's competitors to Walmart and Target.
And the judge ruled that Apple doesn't have monopoly power because customers can choose Android phones instead. She did find, however, that Apple's policies violated California's Unfair Competition Law.
Charles B. Darrow of Germantown, PA created the game known today during the Great Depression. In 1934, he presented the game to executives at Parker Brothers and was rejected. A year later, after he sold 5,000 homemade copies of the game, Parker Brothers bought the game.
Monopoly examples include various monopolistic businesses that exist in theory and practice. Examples of real-life monopolies include Luxottica, Microsoft, AB InBev, Google, Patents, AT&T, Facebook, and railways.
A monopoly is the type of imperfect competition where a seller or producer captures the majority of the market share due to the lack of substitutes or competitors. A monopolistic competition is a type of imperfect competition where many sellers try to capture the market share by differentiating their products.
The theory was developed almost simultaneously by the American economist Edward Hastings Chamberlin in his Theory of Monopolistic Competition (1933) and by the British economist Joan Robinson in her Economics of Imperfect Competition (1933).
A legal monopoly, also known as a statutory monopoly, is a firm that is protected by law from competitors. In other words, a legal monopoly is a firm that receives a government mandate to operate as a monopoly. Legal monopolies can be established through: A public franchise.
Nike is not a monopoly. The company operates in oligopolistic market structures in which there are other able and worthy competitors. For this reason, the company must always do its best to train their human resources and labor force to keep up with the competitors or even outdo them.
They are also a corporation on the New York Stock Exchange with a market capitalization of $75.5 billion. Although not quite there yet, Uber is also becoming a monopoly. While monopolies have some advantages, the disadvantages usually outweigh the good.
Apple has built a strong stable of services, all pushing towards iPhones and Mac computers. It is rock solid monopoly pushing prices up above what is reasonable, writes Howard Yu. For decades Silicon Valley has been synonymous with success, boasting a financial output higher than most countries.
It's a monopolistically competitive market as there are many firms selling differentiated but close substitutes products and each firm has its own individual brand.
The market for soft drinks, which is dominated by Coca-Cola and Pepsi, is best considered to be: c) an oligopoly. Because Coca-Cola and Pepsi have control over more than 65% of the soft drinks market, it can be considered an oligopoly.
Polyamory has come to be an umbrella term for various forms of non-monogamous, multi-partner relationships, or non-exclusive sexual or romantic relationships.
Polyamory is the combination of the Greek word for “many” and the Latin word for “love.” Combined, polyamory means “many loves” or “more than one love” (Anapol, 2010; Klesse 2006). To be more specific, polyamory is a relationship style centered on the belief that it is possible to love more than one person.
A throuple is a romantic relationship between three people. The word is comprised of "three" and "couple" put together. Generally referred to as a triad within nonmonogamous and polyamorous communities, throuples are more common than they used to be.
