What is the definition of Pure monopoly? | Dictionary.net

PURE MONOPOLY

\pjˈʊ͡ə mənˈɒpəli], \pjˈʊ‍ə mənˈɒpəli], \p_j_ˈʊə m_ə_n_ˈɒ_p_ə_l_i]\

Definitions of PURE MONOPOLY

1910 - Black's Law Dictionary (2nd edition)

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The domination of one company that supplies the majority of a product to the public. This company will distribute all of one product as it has out priced the competition and is the dominant player in the market.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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