oligopoly vs monopoly
Definitions
noun
- (economics) a market in which control over the supply of a commodity is in the hands of a small number of producers and each one can influence prices and affect competitors
Examples
In the past, the Chinese have complained loudly that the miners behave like an unaccountable oligopoly.
The most profound change to occur in the television industry in the 1980s and 1990s was the rise of competition to the network oligopoly from cable programmers.
The standard Cournot model of an oligopoly is shown not to have a phase transition, as it is equivalent to a continuum version of the Curie-Weiss model.
Definitions
noun
- a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die
Examples
One might think that having a baseline regulated industry (cable TV or telephone service) over which the wire base has been amortized and out of which the cost of upkeep are paid, that a government-regulated monopoly might be put in the position of offering wholesale access to competitors on a level playing field.
The monopoly in politics, or bossism, may possibly be abolished by direct legislation or by proportional representation.
Monopoly is Hasbro's largest selling board game with 1.5m games sold per year.
