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In economics, a monopoly exists when a specific individual or an enterprise is the only supplier of a particular kind of product or service.

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Part of Speech: noun
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Industry/Domain: Economy
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բնական մենաշնորհ

Economy; Economics

When a monopoly occurs because it is more efficient for one firm to serve an entire market than for two or more firms to do so, because of the sort of economies of scale available ...

մոնոպոլիա, մենաշնորհ

Economy; Economics

When the production of a good or service with no close substitutes is carried out by a single firm with the market power to decide the price of its output. Contrast with perfect ...

բացարձակ մենաշնորհ

Economy; International economics

A market structure in which the single seller has essentially no competition from producers of close substitutes or from potential entrants. The difference from a simple monopoly ...