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Generally, a company that monopolizes an entire market, illegally. Oddly, some monopolies are completely legal. Working in concert with other companies to "gouge" the customer is called "price-fixing".

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14y ago

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Related Questions

Is Monopoly money legal currency?

No. Monopoly money is only legal tender in the Monopoly game.


Name on present day company and give an example of the monopoly it holds?

Tesco is a fine example of a monopoly in the UK


What is the only legal monopoly?

Major League Baseball


What is the legal term that describes the controlling body of a monopoly?

Trust


What is the legal term that describe the controlling body of a monopoly?

Trust


Different example of monopoly in Philippines?

Meralco :)


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Petroleum Company


How can I use a Monopoly game image?

The images in Monopoly are copyright, which means you will need legal permission from the games copyright holders to publish the image.


Give me an example of companies that are a pure monopoly?

There are many legal monopolies. The United States Postal Service is the only letter mail provider and is government funded to make it run at a loss.


Example of pure monopoly in the Philippines?

The Meralco Electric Company is a perfect example of monopoly in the Philippines


What is the difference between the term 'monopoly' and 'natural monopoly'?

The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.


Give you give me an example of a monopoly?

Mono refers to one. A monopoly means that one person or on family possesses or own everything or many businesses.