What does Market Monopoly mean?

Monopoly is the market condition in which we have only one provider of a particular service. Such a situation is beneficial for service providers as they enjoy the freedom of lack of market competitors. The customer has no alternatives for the available service and has to buy the service at given facilities and cost.
Comments on article "What does Market Monopoly mean?"
Name Views and CommentsDate
abdul basheer monopoly is the condition where only one seller.demand is in elastic.it is said that monopolist is price maker not price taker.and he can control either price level or supply of commodities. my question is that can a monopolist control both(price and supply) 7/17/2008
ehimoni emmanue is perfect ,but how can i get a copy of this writeup? 5/26/2008
Prince ola Very interesting but no graph 4/17/2008
Sidra Shirazi brief, precise and informative! 4/1/2008
John Zanlerigu good and informative. 12/28/2007
MAINU.A.K it is a very nice note.it more helps to mba stuedents 11/29/2007
rakesh rathi monopoly market is best serveice in the fild but that is not involve in the countary 3/28/2007
dean what dose monopoly mean 3/15/2007
zoe wilson i would like lots of money to almondbury high school thank you very much 3/15/2007
taiwo i really like this write up because it makes someone to follow and understand the concept very well.so i will want the writer to keep it on burning. 2/18/2007
pili agustino t well iappreciate im student dar es salaam university 2/7/2007
shweta the matter provided is good but it should be in more detail. 9/6/2006
Kevin G. Very helpful. Useful for my homework. Informative and to the point. Good work. 1/24/2005
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