by varun saran April 13, 2007
Get the monopod mug.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
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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.by km February 1, 2005
Get the mocopo 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.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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