Monopoly

14.07.2013 10:12

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Monopoly

1) The situation in which a single producer controls most or the whole of a given market. In the transport context, a situation where a single operator holds the largest share or the complete market thus making it difficult if not impossible for other operators to compete. NB: while British Rail held a monopoly of train services it had no monopoly of the movement of people or goods.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.160 (288 p.)


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