hypermonopoles

Example:While the original term is rare, an oligopoly situation can be described as one where a few players hold near-monopoly control over a market.

Definition:A market or industry condition in which a relatively small number of sellers or producers dominate the market.

Example:This bakery has a monopsony over the supply of flour in the surrounding area, giving them the power to dictate terms to the only flour supplier in the region.

Definition:A market or situation where a single buyer has the power to manipulate prices or terms.