The first edition of Newtâs Fantastic Beasts book is published in 1927, a year after the events of the Fantastic Beasts movie. By the time of the Harry Potter novels, set in the 1990s, Scamanderâs book is in its 52nd edition.
Definition of 'Monopoly'. Tweet. A market structure characterized by a single seller, selling a unique product in the market. Definition: A market structure characterized by a single seller, selling a unique product in the market.In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.weet. A market structure characterized by a single seller, selling a unique product in the market. Definition: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
A monopoly is when a company has exclusive control over a good or service in a particular market.Not all monopolies are illegal; for example, businesses that produce a superior product or are well managed may disadvantage their competitors while not violating antitrust law.ere are some examples of how illegal monopolies are formed: 1  Price Fixing: competitors agree to buy or sell products or services at a fixed price or rate. 2  Price Discrimination: selling similar goods to buyers at different prices.