MonopolyFeedback.png


Definition

  1. (environments definition) A market situation where one firm markets all the goods or services and can influence price.
  2. (economic definition) The complete control of an economic good for which there is no substitute.[1]

See also


References
  1. ^ American Marketing Association. AMA Dictionary.

NewComment.png
We welcome comments that will help us improve the precision and clarity of our definitions. To submit a suggestion, please click on the Add Discussion bar below.
Notes:
  • Comments are limited to registered users of this site. Click “Join” at the top right hand side of this page to apply.
  • If you would like to suggest a new marketing definition or have a general comment, please visit our home page.