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{{Use dmy dates|date=July 2022}}
{{Competition law}}
{{restrictive market structures}}
Monopoly is GOAT
A '''monopoly''' (from [[Greek language|Greek]] {{lang-el|μόνος|mónos|single, alone|label=none}} and {{lang-el|πωλεῖν|pōleîn|to sell|label=none}}), as described by [[Irving Fisher]], is a market with the "absence of competition", creating a situation where a specific person or [[company|enterprise]] is the only supplier of a particular thing. This contrasts with a [[monopsony]] which relates to a single entity's control of a [[Market (economics)|market]] to purchase a good or service, and with [[oligopoly]] and [[duopoly]] which consists of a few sellers dominating a market.<ref>{{Cite book
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