semimonopoly Definition
a situation in which a few large companies dominate the market, but there is still some competition from smaller companies.
Using semimonopoly: Examples
Take a moment to familiarize yourself with how "semimonopoly" can be used in various situations through the following examples!
Example
The telecommunications industry is a semimonopoly with a few large companies controlling most of the market.
Example
The airline industry is an example of a semimonopoly where a few major airlines dominate the market, but there are still some smaller airlines that compete.
semimonopoly Synonyms and Antonyms
Synonyms for semimonopoly
- oligopoly
- dominant market position
- market control
Summary: semimonopoly in Brief
The term 'semimonopoly' [sem-ee-muh-nop-uh-lee] refers to a market situation where a few large companies dominate the market, but there is still some competition from smaller companies. It is similar to 'oligopoly' and 'dominant market position.' Examples include the telecommunications and airline industries.
