Assertion: monopoly | /r/HasProperty | market
Facets:
value: with only one seller
type: OTHER
value: with no competition
type: OTHER
value: simply
type: DEGREE
Source sentences:
text: A monopoly is simply a market with only one seller and no close substitutes for that seller's product.
text: A monopoly, in general, is a market that has only one seller and no close substitutes for that seller's product.
text: If perfect competition is a market where firms have no market power and they simply respond to the market price, monopoly is a market with no competition at all, and firms have complete market power.
text: A monopoly is a market with only one seller and no close substitutes for the product or service that the seller is providing.