When one buyer or seller in a market has the ability to exert significant influence over the quantity of goods and services traded or the price at which they are sold.
Mark Hendrickson - The Truth About Monopoly and Antitrust
Ivan Pongracic - Monopoly and Antitrust
SEPTEMBER 24, 2012 by CHUCK GRIMMETT
Related Freeman Articles
Marx had no monopoly.
SEPTEMBER 14, 2012 by SHELDON RICHMAN
The Austrian economist who refuted Marx's exploitation theory had one of his own.
THE PURSUIT OF HAPPINESS
The Free Market Protects Against Monopolistic Abuses
JUNE 30, 2010 by WALTER E. WILLIAMS
JUNE 01, 1970 by PAUL L. POIROT
If the government is incapable of delivering mail, perhaps that business should be given to competitive private enterprise.