monopoly power
Sole seller advantage
Monopoly power is the ability of a single seller to control prices or exclude competition in a market.
In antitrust law, having monopoly power isn't illegal—abusing it is.
The term appears in discussions of market dominance: Tech giants face scrutiny over their monopoly power.
A firm with monopoly power can raise prices without losing customers to rivals.
- Clayton ActFederal antitrust statute
- antitrust lawRules against monopolies
- barriers to entryFactors blocking market access
- corner the marketGain total supply control
- collusionFraudulent secret cooperation
trust-busting · Federal Trade Commission · vertical integration · predatory pricing · price fixing · Rockefeller · market failure · market dominance · kingpin · cartel · price discrimination · cornered · railroad · tycoon · too big to fail · control · leverage · market
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- elite poweroligarchy, plutocracy, oligarch, plutocrat, oligarchs
- Platform Economymarketplace, network effects, gig economy, digital marketplaces, sharing economy
- utility rateswholesale rates, retail rates, water rates, seasonal rates, peak rates
- ZaibatsuMitsubishi, Kawasaki, holding company, family ownership
power, monopoly, monopolize, monopolies, oligopoly, monopolization, monopolist, monopolistic, antimonopoly