Monopoly in a sentence

Monopoly and efficiency Surpluses and deadweight loss created by monopoly price setting The price of monopoly is upon every occasion the highest which can be got.

Announcing Ayr Monopoly as the "perfect Christmas gift" the company's marketing said: "Discover some of the finest sites and attractions from around the historic coastal town of Ayr in this beautiful new edition of Monopoly.

The announcement of Ms. Monopoly comes a few weeks after the company received criticism for Monopoly Socialism -- a tongue-in-cheek game that sparked debate for its flippant handling of socialism.

Children were engaged in a mini-Monopoly tournament; The Monopoly Board game is full of practical money lessons.

WEB gTLD, the next closest competitor to VeriSign’s monopoly, and in so doing has eviscerated one of the central pillars of the New gTLD Program: to introduce and promote competition in the Internet namespace in order to break VeriSign’s monopoly.

Above all, if some public goods are provided by the state, he believed that they should not be a legal monopoly where private competition is prohibited; for example, he wrote: There is no way to justify our present public monopoly of the post office.

Alternatives to a state-owned response to natural-monopolies include both open-source licensed technology and co-operatives management where a monopoly's users or workers own the monopoly.

A monopoly is distinguished from a monopsony, in which there is only one buyer of a product or service; a monopoly may also have monopsony control of a sector of a market.

A natural monopoly suffers from the same inefficiencies as any other monopoly.

Conditions improved in Tórshavn when the trade monopoly became a royal monopoly in 1709.

Double marginalization occurs when both the upstream and downstream firms have monopoly power and each firm reduces output from the competitive level to the monopoly level, creating two deadweight losses.

However, the one monopoly profit theorem is not true if customers in the monopoly good are stranded or poorly informed, or if the tied good has high fixed costs.

In a highly regulated market environment a government will often either regulate the monopoly, convert it into a publicly owned monopoly environment, or forcibly fragment it (see Antitrust law and trust busting ).

Interested players took a twenty-question quiz on MONOPOLY strategy and rules, and submitted a hundred-word essay on how to win a MONOPOLY tournament.

Italian Nicolò Falcone defeated the defending world champion and players from twenty-six other countries. citation citation Variants Because Monopoly evolved in the public domain before its commercialization, Monopoly has seen many variant games.

It is monopoly which is the keynote; and where monopoly prevails, the greater the injury to society, the greater the reward of the monopolist will be.

It may be argued that the carrying of mail is a technical monopoly and that a government monopoly is the least of evils.

Monopoly main A monopoly (from Greek monos μόνος (alone or single) + polein πωλεῖν (to sell)) exists when a single company is the only supplier of a particular commodity.

Mr. Monopoly's classic line illustration was also now usually replaced by renderings of a 3D Mr. Monopoly model.

Natural monopoly main A natural monopoly is an organization that experiences increasing returns to scale over the relevant range of output and relatively high fixed costs.