| | InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
Pure monopoly
Definition 1.
A market in which only one firm has total control over the entire market for a product due to some sort of barrier to entry for other firms, often a patent held by the controlling firm.
|
Definition 2.
A market in which one company has control over the entire market for a product, usually because of a barrier to entry such as a technology only available to that company.
|
|
|