monopolistic market

Definition

A situation where only "one" (Greek meaning of "mono") company offers its products or services to the public, thereby creating a monopoly, a sole supplying firm where the consumer has no option or choice but to buy their services or products. When this occurs, and there is no competition, prices will go up to the detriment of the public. Several government agencies keep the formation of monopolies under control, especially in markets like telecommunications, media, and utilities, among others.

单词	monopolistic market
释义	monopolistic market Definition A situation where only "one" (Greek meaning of "mono") company offers its products or services to the public, thereby creating a monopoly, a sole supplying firm where the consumer has no option or choice but to buy their services or products. When this occurs, and there is no competition, prices will go up to the detriment of the public. Several government agencies keep the formation of monopolies under control, especially in markets like telecommunications, media, and utilities, among others.
随便看	EWMA Control Charts ex exacerbate exact interest ex aequo et bono ex all examination examine examiner examples ex ante ex cap exceedance excellent except-for-opinion exception exceptional item exceptional return exception-based management exception clause exception count exception item exception report excess excess baggage