{"id":48079,"date":"2022-05-20T10:58:38","date_gmt":"2022-05-20T08:58:38","guid":{"rendered":"https:\/\/moovago.com\/non-categorise\/what-is-a-monopoly-market-3-examples\/"},"modified":"2025-11-26T09:02:19","modified_gmt":"2025-11-26T08:02:19","slug":"what-is-a-monopoly-market-3-examples","status":"publish","type":"post","link":"https:\/\/moovago.com\/en\/prospecting-2\/what-is-a-monopoly-market-3-examples\/","title":{"rendered":"What is a monopoly market? 3 examples"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"48079\" class=\"elementor elementor-48079 elementor-11506\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-97a328c e-flex e-con-boxed e-con e-parent\" data-id=\"97a328c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6540ee2 elementor-widget elementor-widget-heading\" data-id=\"6540ee2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What's a monopoly?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af88aa5 elementor-widget elementor-widget-text-editor\" data-id=\"af88aa5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A monopoly market is a market structure in which a single seller dominates the industry &#8211; a <b>monopolist<\/b>.<\/p><p>The seller sells a completely unique product, with restrictions on the entry of new companies into the market. He has the power to control the whole market and determine the supply and price of goods or services. Consequently, a monopoly market is a non-competitive market with no close substitutes for the monopolist&#8217;s products.  <\/p><p><span class=\"VIiyi\" lang=\"fr\"><span class=\"JLqJ4b ChMk0b\" data-language-for-alternatives=\"fr\" data-language-to-translate-into=\"en\" data-phrase-index=\"0\" data-number-of-phrases=\"5\"><span class=\"Q4iAWc\">A monopoly is a rare market situation where only one company operates and offers goods or services to people.<\/span><\/span> <span class=\"JLqJ4b ChMk0b\" data-language-for-alternatives=\"fr\" data-language-to-translate-into=\"en\" data-phrase-index=\"1\" data-number-of-phrases=\"5\"><span class=\"Q4iAWc\">The monopoly sells less (in terms of quantity) than in a perfectly competitive market, but charges a higher price.<\/span><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f15b5d2 elementor-widget elementor-widget-heading\" data-id=\"f15b5d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Examples of monopolies<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3845341 elementor-widget elementor-widget-heading\" data-id=\"3845341\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><i>Diamond market<\/i><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d54b57 elementor-widget elementor-widget-text-editor\" data-id=\"8d54b57\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong> Monopolies<\/strong> are rarely found in<strong> everyday life, because it&#8217;s complicated to create markets in a monopoly situation.<\/strong><\/p><p>One example is the diamond industry, where one of the players, De Beers, once controlled 80% of the market. It had the power to control the price of diamonds, selling them in small quantities to keep prices consistently high. Today, this market is no longer a monopoly, with the arrival of new competitors.  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a69192d elementor-widget elementor-widget-image\" data-id=\"a69192d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/moovago.com\/wp-content\/uploads\/2022\/05\/Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Add-a-heading-1-300x300.png\" class=\"attachment-medium size-medium wp-image-42642\" alt=\"Diamond market, example of a monopoly\" srcset=\"https:\/\/moovago.com\/wp-content\/uploads\/2022\/05\/Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Add-a-heading-1.png 300w, https:\/\/moovago.com\/wp-content\/uploads\/2022\/05\/Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Copy-of-Add-a-heading-1-150x150.png 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" title=\"Moovago, application commerciaux, CRM, ERP, PGI, GRC\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-914e321 elementor-widget elementor-widget-heading\" data-id=\"914e321\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><i>Government-protected markets<\/i><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6da13b0 elementor-widget elementor-widget-text-editor\" data-id=\"6da13b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: var( --e-global-color-text ); background-color: var( --e-global-color-49a30e0 );\">Governments (and in particular the French government) can sometimes protect companies from competition in certain markets where monopolies exist.<\/span><\/p><p>EDF and SNCF, for example, were until recently in markets closed to competition, putting these companies in a monopoly situation. For more than 80 years, SNCF has been able to set market prices, or even choose to abandon some of its rail lines, without leaving them open to competition. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-06ecbbf elementor-widget elementor-widget-image\" data-id=\"06ecbbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/moovago.com\/wp-content\/uploads\/2022\/05\/55-1-300x300.png\" class=\"attachment-medium size-medium wp-image-42646\" alt=\"Public service, an example of a monopoly\" srcset=\"https:\/\/moovago.com\/wp-content\/uploads\/2022\/05\/55-1.png 300w, https:\/\/moovago.com\/wp-content\/uploads\/2022\/05\/55-1-150x150.png 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" title=\"Moovago, application commerciaux, CRM, ERP, PGI, GRC\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f95c74 elementor-widget elementor-widget-heading\" data-id=\"5f95c74\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">English translation of monopoly<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8f36a5 elementor-widget elementor-widget-text-editor\" data-id=\"e8f36a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The English translation of monopoly is<strong>&#8220;monopoly&#8221;.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9ddf17e e-flex e-con-boxed e-con e-parent\" data-id=\"9ddf17e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What&#8217;s a monopoly? A monopoly market is a market structure in which a single seller dominates the industry &#8211; a monopolist. The seller sells a completely unique product, with restrictions on the entry of new companies into the market. He has the power to control the whole market and determine the supply and price of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":42638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[597],"tags":[],"class_list":["post-48079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-prospecting-2"],"_links":{"self":[{"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/posts\/48079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/comments?post=48079"}],"version-history":[{"count":1,"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/posts\/48079\/revisions"}],"predecessor-version":[{"id":48081,"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/posts\/48079\/revisions\/48081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/media\/42638"}],"wp:attachment":[{"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/media?parent=48079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/categories?post=48079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moovago.com\/en\/wp-json\/wp\/v2\/tags?post=48079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}