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The first is the recognition that the failure of foundationalism in philosophy makes any attempt to claim a monopoly on truth, methodology etc.
These examples are from the Cambridge English Corpus and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
The state made itself a monopoly supplier of essential goods, such as grain, which were then sold on at controlled prices. This involves eradication of corruption and nepotism which have been used to establish monopolies.
However, patents create monopolies and lead to waste of resources as a result of static inefficiencies. The incumbent operator enjoyed monopoly rents and did not want to give up this special status.
Nevertheless, lighthouse reform enabled the whigs and radicals to pose as crusaders against local monopolies which the tories sought to perpetuate.
After a period of monopoly , the new processes diffuse to economies capable of absorbing, and often improving upon, the techniques. No one individual in the creative process has a monopoly say in the outcome of a particular artistic decision.
You may thus in essence end up with a monopoly or near monopoly situation. To use its own economic terminology, they have not acquired a dominant position let alone a monopoly.
Where there is no intra-ethnic party monopoly , ambitious compromises across group lines are vulnerable to flank claims of a sellout.
Thus, it is generally accepted that patents should continue just long enough so that monopoly profits can repay the costs of development of the invention.
The government owned, regulated and managed the monopoly on gas, so that agents, either public or private, were redundant for the principal national government.
In spite of archaeology's pretended monopoly on the past, there are even in today's society a variety of ways to interpret prehistoric monuments and landscapes.
See all examples of monopoly. Collocations with monopoly. Click on a collocation to see more examples of it. See all collocations with monopoly.
Translations of monopoly in Chinese Traditional. Need a translator? In some cases, this can lead to duopolies. In a monopolistic competitive industry, barriers to entry and exit are typically low, and companies try to differentiate themselves through price cuts and marketing efforts.
However, since the products offered are so similar between the different competitors, it's difficult for consumers to tell which product is better.
Some examples of monopolistic competition include retail stores, restaurants, and hair salons. Also, natural monopolies can arise in industries that require unique raw materials, technology, or it's a specialized industry where only one company can meet the needs.
Pharmaceutical or drug companies are often allowed patents and a natural monopoly to promote innovation and research.
There are also public monopolies set up by governments to provide essential services and goods, such as the U. Usually, there is only one major private company supplying energy or water in a region or municipality.
The monopoly is allowed because these suppliers incur large costs in producing power or water and providing these essentials to each local household and business, and it is considered more efficient for there to be a sole provider of these services.
Imagine what a neighborhood would look like if there were more than one electric company serving an area.
The streets would be overrun with utility poles and electrical wires as the different companies compete to sign up customers, hooking up their power lines to houses.
Although natural monopolies are allowed in the utility industry, the tradeoff is that the government heavily regulates and monitors these companies.
A monopoly is characterized by the absence of competition, which can lead to high costs for consumers, inferior products and services, and corrupt behavior.
A company that dominates a business sector or industry can use that dominance to its advantage, and at the expense of others.
A monopolized market often becomes an unfair, unequal, and inefficient. Mergers and acquisitions among companies in the same business are highly regulated and researched for this reason.
Firms are typically forced to divest assets if federal authorities believe a proposed merger or takeover will violate anti-monopoly laws.
By divesting assets, it allows competitors to enter the market by those assets, which can include plant and equipment and customers.
In , the Sherman Antitrust Act became the first legislation passed by the U. Congress to limit monopolies.
The Sherman Antitrust Act had strong support by Congress, passing the Senate with a vote of 51 to 1 and passing the House of Representatives unanimously to 0.
It is one of the examples of the monopoly. Its competitors are Microsoft and Yahoo but they own a very small share in the market that too in the downward trend.
It has a good revenue generation through the process of harvesting user data with the track over our online activity and popping up with the advertisement as per our searching history and locations.
Smaller advertisers lag as they are not having the level of user data as Google is having.
Thus Google undoubtedly is one of the largest monopolies in present in the world. The company, in fact, monopolizes several other different markets in the world.
The rare availability of natural resources like oil makes it create a monopoly called natural monopoly.
John D Rockefeller who was the founder of Standard Oil along with his partners took advantage of both the rarity of resource and price maker.
At the earlier time when there were a lot of oil companies who were manufacturing the most of their finds, companies hardly bother of environment and pump waste product directly into the river without undergoing to the cost of researching proper disposal.
They were also using shoddy pipeline which was very prone to leakage. Later standard oil started creating a monopoly along with developing infrastructure aiming to cut down the cost and dependency.
Despite the eventual breakup of the company in , the government understands that this upcoming monopoly will create a reliable setup, infrastructure and deliver low cost.
The profits of the standard oil and a good trend of dividend helped in gaining investor trust and thereby resulting in more investment from the investors which helped it to grow larger further.
The company came into existence after the merger of two huge brewing companies named Anheuser Busch and InBev.
After the merger, they become the distributor of over types of beer across the world.