Definition of Monopoly

Definition: If a certain firm is the only one that can produce a certain good, it has a monopoly in the market for that good.

Terms related to Monopoly:

• Natural Monopoly
• Monopoly Power
• Monopsony

About.Com Resources on Monopoly:

• What You Need to Know About Monopolies and Monopoly Power
• Federal Efforts to Control Monopoly
• Deregulating Telecommunications

Writing a Term Paper? Here are a few starting points for research on Monopoly:

Journal Articles on Monopoly:

• The Welfare Costs of Tariffs, Monopolies and Theft
• Monopoly and product quality
• The Social Costs of Monopoly and Regulation