USA HISTORY

Detailed explanation-1: -plural monopolies. : complete control over the entire supply of goods or a service in a certain market. : complete possession. : a commercial product or service controlled by one person or company.

Detailed explanation-2: -A monopoly exists when one supplier provides a particular good or service to many consumers. In a monopolistic market, the monopoly, or the controlling company, has full control of the market, so it sets the price and supply of a good or service.

Detailed explanation-3: -A pure monopoly is a single seller in a market or sector with high barriers to entry such as significant startup costs whose product has no substitutes.

Detailed explanation-4: -cartel, holding, ownership, patent, trust, consortium, copyright, corner, oligopoly, pool, proprietorship, syndicate, possessorship.

Detailed explanation-5: -A monopoly exists when a person or business exercises complete control over a resource, industry, or market. During the 1800s and 1900s, two distinct types of monopolies developed: vertical and horizontal. In a vertical monopoly, the person or business controls the entire supply chain of an industry.