---
title: "What is Monopoly market ?"  
description: "What is Monopoly market ?"  
author: "Navya Khurana"  
published: 2017-12-14  
canonical: https://answers.mindstick.com/qa/31689/what-is-monopoly-market  
category: "business & finance"  
tags: ["monopoly (business)"]  
reading_time: 1 minute  

---

# What is Monopoly market ?

What is [Monopoly](https://www.mindstick.com/news/3069/us-news-chain-gannett-sues-google-alleges-online-ad-monopoly) market ?

## Answers

### Answer by AMANDEEP SINGH

A market in which only one company may try to dominate and offer products and services to the people. This is a situation just opposite of a proper competitive market that comprises of an infinite number of firms operating independently.

In a purely monopolistic model, the monopoly company is able to refrain output, hike prices and enjoy super-normal profits in the long run.

Pure monopoly markets are extremely rare and impractical, a close impossible in the absence of absolute barriers to entry, such as a ban on competition or sole possession of all natural resources. \
**Hope this gives you a basic idea!!!** \


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Original Source: https://answers.mindstick.com/qa/31689/what-is-monopoly-market

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