monopoly business vs monopoly market

Both phrases are correct, but they have different meanings and contexts. 'Monopoly business' refers to a business that has a monopoly in a specific industry, while 'monopoly market' refers to a market where there is only one seller dominating the market. They are not directly comparable as they refer to different aspects of monopolies.

Last updated: March 27, 2024 • 633 views

monopoly business

This phrase is correct and commonly used to refer to a business that holds a monopoly in a specific industry.

This phrase is used to describe a business that has exclusive control over a particular market or industry, giving it the power to control prices and exclude competition.

Examples:

The company established a monopoly business in the telecommunications sector.
The government took action against the monopoly business to promote competition.
He built a monopoly business in the software industry.
The monopoly business faced antitrust investigations.
She inherited a monopoly business from her father.

Alternatives:

monopolistic business
dominant business
exclusive business
market-dominating business
industry-dominant business

monopoly market

This phrase is correct and commonly used to describe a market where there is only one seller dominating the market.

This phrase is used to refer to a market structure in which a single company or entity controls the supply of a particular product or service, leading to limited competition and potentially higher prices for consumers.

Examples:

The government intervened to break up the monopoly market in the energy sector.
The company cornered the market and created a monopoly market for its products.
Consumers suffered due to the lack of competition in the monopoly market.
The monopoly market faced regulatory scrutiny.
They exploited their position in the monopoly market to raise prices.

Alternatives:

monopolistic market
dominant market
exclusive market
single-seller market
market-dominating situation

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monopoly business vs monopoly market