Where a single institution controls all of the supply for a good in a market.
However, a monopoly cannot last in the long run, unless a barrier to entry exists in the market.
Barriers to entry include:
- control of natural resources or inputs
- economies of scale
- technological superiority
- legal restrictions imposed by governments, including patents and copyrights.
A monopolist maximizes profit by producing a little less than the market equilibrium, driving up the price of the good. This creates a deadweight loss to society, (some mutually beneficial transactions are forgone), which is why a monopoly is discouraged or illegal in many parts of the world.
However, a monopoly cannot last in the long run, unless a barrier to entry exists in the market.
Barriers to entry include:
- control of natural resources or inputs
- economies of scale
- technological superiority
- legal restrictions imposed by governments, including patents and copyrights.
A monopolist maximizes profit by producing a little less than the market equilibrium, driving up the price of the good. This creates a deadweight loss to society, (some mutually beneficial transactions are forgone), which is why a monopoly is discouraged or illegal in many parts of the world.
by Black)Waltz September 20, 2005
Get the monopoly mug.To pull a "monopoly guy" one must be a bit old, bald, a tad chubby, and most importantly, one must have a big white mustache. This results in looking enough like the monopoly mascot man.
by Flame060 April 2, 2005
Get the monopoly guy mug.Related Words
Monope
• monoped
• Monopene
• monopenis
• monopenisual
• Monoper
• monoperative
• monoperformalitis
• monopescus
• monopoly
A term coined to describe sex with only one person. Otherwise known as "Mastrubation"
This term can be used to make men and women feel not so lonely about the fact that they have no one to touch their dark sectors, mainly due to excessive playing of the game "World of Warcraft"
This term can be used to make men and women feel not so lonely about the fact that they have no one to touch their dark sectors, mainly due to excessive playing of the game "World of Warcraft"
Guy 1- Dude i had monosex for like 20 minutes last night!
Guy 2- I would have but i was too busy getting my Night Elf to level 68!
Guy 1- DUDE!!!!1!!!111!!one!eleven!!!
Guy 2- I would have but i was too busy getting my Night Elf to level 68!
Guy 1- DUDE!!!!1!!!111!!one!eleven!!!
by Tyishwa / St Crispy January 18, 2008
Get the Monosex mug.Sexual acts between two people without explicitly saying what happened or denying the fact that anything happened.
"What happened with you and josh last night eyy?"
"Nothing..... just played played monopoly. Don't you worry"
"Nothing..... just played played monopoly. Don't you worry"
by Djay big penis February 1, 2017
Get the Played monopoly mug.The act of being promiscuous with one person. Having no regard for ones actions of a sexual nature towards another person. Note that one is not emotionally attached to the person they are being monopromiscuous towards. This boarders on slut like behavior.
Leaving a party with a guy you just met. Hanging all over someone in the midst of a crowd.
"Man, did you see that girl all up on that one guy? She ended up leaving with him, how monopromiscuous of her."
"Man, did you see that girl all up on that one guy? She ended up leaving with him, how monopromiscuous of her."
by River Dale Carrotden March 30, 2010
Get the monopromiscuous mug.by pleb. December 18, 2017
Get the Monopolize mug.I said my necklace iced out, my left wrist iced out. Wacka Flocka best stay out my lane cause I'm thugged out. Young Money Brick Squad Young Money Brick Squad Monopoly
by timeismonkey November 13, 2011
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