monopolistic
A monopolistic company, market, or action gives one business too much control and leaves customers or rivals with little choice.
Having, involving, or resulting from monopoly power in a market, so that one company or group can control supply, prices, or access and limit competition.
If someone is monopolistic about something, they try to keep it all for themselves or their group.
Trying to keep complete control over something and prevent others from using, sharing, or influencing it; resembling a monopoly outside a strictly economic context.
- Base: monopolistic
monopolistic competition
1Competition with differentiated products
A market where many companies compete, but each sells a product that is a little different, so it has some price control.
- Economists often describe cafés, hair salons, and restaurants as examples of monopolistic competition.
- Under monopolistic competition, advertising and brand identity can be as important as price.
- The model of monopolistic competition helps explain why similar products can sell at different prices.
- Coffee shops are a simple example of monopolistic competition.
- In monopolistic competition, companies try to make their products seem different.
monopolistic practices
1Actions that restrict competition
Unfair business actions that help one company keep too much control of a market.
- The lawsuit claims the company used monopolistic practices to lock customers into its platform.
- Regulators fined the firm for monopolistic practices in the pharmaceutical market.
- Smaller sellers said the new fees were part of a pattern of monopolistic practices.
- The law tries to stop monopolistic practices.
- The company denied using monopolistic practices.