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Concept: monopoly in the concept vocabulary
| Concept URI | http://www.eionet.europa.eu/gemet/concept/5357 |
|---|---|
| Preferred label | monopoly |
| Definition | The market condition where a particular commodity or service has only one seller, either because the seller has exclusive possession of an essential input or because large economies of scale inhibit the entrance of a competitor into the market. |
| Notation | |
| Status | Valid |
| Status Modified | 2013-12-05 |
| Accepted Date | 2013-12-05 |
| Not Accepted Date | |
| Has broader | |
| Has exact match | |
| Has close match | |
| Source |
European Environment Agency
Kgs. Nytorv 6, DK-1050 Copenhagen K, Denmark