The government passed laws intended to break up monopolies. The company has gained/acquired a (virtual/near) monopoly of/on/over the logging industry in this area. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'monopoly.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. A monopoly is a structure in which a single supplier produces and sells a given product or service. a : complete control of the entire supply of goods or of a service in a certain area or market. a situation in which one company or person or a government has no competition in the sale of a particular product or service and is able to control its supply. Alexander William Salter, National Review, How can a service (early cancer detection) that doesn’t yet exist amount to a monopoly? - John Tamny, wsj.com, 27 Apr. A monopoly becomes powerful when circumstances exist that either prevent, or severely obstruct, a potential competitor’s ability to function in the same market. Scott Nover, Quartz, 6 June 2023 In economics, an organization has monopoly power when its customers, subscribers, or users cannot seek other providers. A monopoly is different from a monopsony, which refers to a market in which there is just one buyer of a product or service, making it impossible for others to obtain it. 2020 As a tour hatched by a monarchist regime that regularly engages in human rights abuses and political oppression, LIV presented a woefully inelegant but exceptionally well funded vehicle for a legitimate challenge to the PGA Tour’s monopoly power.
#A monopoly def software#
2020 Technology companies are facing their harshest attacks in Washington in at least two decades, back when Microsoft and its Windows software monopoly was the government's top antitrust target. 2020 Regional factors could also play into the decision, including whether lawmakers would prefer leadership from a state with diverse agriculture over a longtime monopoly on such chair positions by Midwestern and Southern lawmakers. Monopoly definition, exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices.
2021 The fragmented nature of the online healthcare sector, combined with tight state control over medical services, means that no single company has a monopoly, Xin said, which may help shield the industry from pending antitrust rules aimed at increasing regulatory oversight of China’s tech firms.
2021 It should be clear given both our national experience (and world history) that no group has a monopoly on truth or virtue. Recent Examples on the Web The system would be an improvement over monopoly utilities, which have little incentive to innovate and provide better service to customers, supporters of deregulation said.
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