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Concept information

Preferred term

monopolies  

Definition

  • Monopolies (from the Greek monopolion, “one seller”) are markets with a single producer or distributor of a certain product or service. In addition, this exclusivity serves as a barrier to free market entry, product differentiation, and a stable (inelastic) demand for products due to the non-availability of close substitutes. [Source: Encyclopedia of Social Problems; Monopolies]

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URI

http://data.loterre.fr/ark:/67375/N9J-HBT1XSPC-3

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