Absolute control of all sales and distribution in a market by one firm, due to some barrier to entry of other firms, allowing the firm to sell at a higher price than the socially optimal price.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). monopoly. Retrieved September 23, 2026, from http://smartdefine.org/monopoly/definitions/1158392 |
| Chicago | Barry Goldsmith. 2010. "monopoly" http://smartdefine.org/monopoly/definitions/1158392 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, monopoly, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/monopoly/definitions/1158392>. |
| MLA | Barry Goldsmith. "monopoly" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/monopoly/definitions/1158392> |