PURE MONOPOLY
The domination of one company that supplies the majority of a product to the public. This company will distribute all of one product as it has out priced the competition and is
Search Results for: Monopoly
MONOPOLY POWER
On the basis of its market share a supplier has a limited degree of price setting power.
LEGAL MONOPOLY
Government-granted right to be an exclusive provider given to an entity for a specific purpose. The government retains monitoring and regulatory rights over the monopoly’s activities, policies, and rates. Examples of purposes
NATURAL MONOPOLY
Because one firm owns, manages, or controls a singularly unique raw material, technology, or other factors, it alone supplies a market’s total demand for a good or service at a price lower
DISCRIMINATING MONOPOLY
A state where a company with MONOPOLY power charges different prices in different markets, according to the characteristics of each market. This presumes the monopolist can clearly identify the source of demand
BILATERAL MONOPOLY
When the market has one buyer and one seller. Its common in intermediate states in production. A monopoly or monopsoly is different than this term.
MONOPOLY
In commercial law. A privilege or peculiar advantage vested in one or more persons or companies, consisting in the exclusive right (or power) to carry on a particular business or trade, manufacture
What Is Imperialism? Definition and a Brief History
What is imperialism? Imperialism involves one country extending its authority over other countries or territories and gaining economic and political control over another country. Imperialism often arises through unprovoked military force and
Contracts I
Introduction Contract: a promise or set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty
Constitutional Law
CONSTITUTIONAL LAW OUTLINE JUDICIAL REVIEW & CONSTITUTIONAL STRUCTURE Judicial Review Constitutional Basis: Art III Sec. II Cl. II: “In all cases affecting Ambassadors, other public ministers and consuls, and those in which
Constitutional Law (Chemerinsky)
Constitutional Law (Cherminisky) FEDERAL JUDICIAL POWER (ARTICLE III) A. Article III serves 7 functions 1. Creates a federal judicial System 2. Vests the judicial power “in one supreme Court and in such
Constitutional Law (Cherminisky)
FEDERAL JUDICIAL POWER (ARTICLE III) Article III serves 7 functions Creates a federal judicial System Vests the judicial power “in one supreme Court and in such inferior courts as CG may…establish” Accords
Admin Law Keyed to Rogers & Krotoszynski
CHAPTER 1: INTRODUCTION A. OVERVIEW OF THE WORK AND PLACE OF ADMINISTRATIVE AGENCIES IN OUR SYSTEM OF GOVERNMENT 1. Interstate Commerce Commission v. Cincinnati, New Orleans and Texas Pacific Railway Co 2.
SHERMAN ANTITRUST ACT
a term for the statute that forbids monopoly, price fixing and the restraint of trade.
ANTITRUST ACTS
An example of this is the Sherman Antitrust Act and the Clayton Act where federal laws aim at preventing corporations, individuals, combinations of corporations or trusts from gaining and maintaining a monopoly
GENERAL RESTRAINT OF TRADE
These are the types of trade that stifles competition and can lead to a monopoly and deprive the public of the advantages of free competition
SOROPTOMY
The opposite of monopoly where a customer is served by a large number of suppliers without the prospect of getting any more.
MARKET FAILURE
Price stabilization breakdown causes inefficient resource allocation leading to this named situation. Initially trigged by some external factor, like a monopoly. Also refer to market inefficiency.
NEGOTIATED MARKET PRICE
A price bargained and set by the government and the product-maker to mitigate a cataclysm’s effect, causing conditions that cannot be remedied, such as extreme shortages of a necessary product or a
MIXED ECONOMY
Private enterprise and some state monopoly coexist in this type of economic system. Public services, defense, infrastructure, and basic industries are some of these state monopolies. The means of production are shared
