Rural Dictionary

monopoly

a term used to indicate a person wants to have sex with another person or to fool around . Indiscreet way of saying, hey you wanna have sex?

Jen: wanna play monopoly?
Grant: sure, you bringing the game?
Jen: sure but I always go first

by Nikki1983 May 1, 2008

150👍 78👎

Where a single institution controls all of the supply for a good in a market.

However, a monopoly cannot last in the long run, unless a barrier to entry exists in the market.

Barriers to entry include:
- control of natural resources or inputs
- economies of scale
- technological superiority
- legal restrictions imposed by governments, including patents and copyrights.

A monopolist maximizes profit by producing a little less than the market equilibrium, driving up the price of the good. This creates a deadweight loss to society, (some mutually beneficial transactions are forgone), which is why a monopoly is discouraged or illegal in many parts of the world.

A local natural gas company would be an example of a monopoly caused by economies of scale.

by Black)Waltz August 29, 2005

73👍 43👎

monopoly

Monopoly: A bored, (pardon the Freudian slip), game.

monopoly: A legal concept that has been legislated out of existence by attorneys, judges, and legislators. Now that all legal definitions of monopoly are unlawful, simply understand this: When a corporation is so big that it doesn't need to worry about whether consumers like doing business with it, because they have no choice, it's a monopoly.

No please, let's not play Monopoly.

See PayOhHell, MyCrudSoft, and Kneejerk Corruptions, Incorrigible.

by Downstrike December 13, 2004

33👍 32👎

monopoly

noun.
exclusive control of a commodity or service in a given market, or control that makes possible the fixing of prices and the virtual elimination of free competition.

Microsoft has a monopoly on PC computer operating systems.

by surfer girl May 7, 2005

21👍 19👎