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.
In economics a monopoly is a firm that lacks any viable competition, and is the sole producer of the industry's product. In a normal competitive situation, no firm can charge a price that is significantly higher than the Marginal (Economic) cost of producing (the last unit of) the product.ormally, a firm that introduces a brand new product can initially secure a monopoly for a short while. At this stage, the initial price the consumer must pay for the product is high, and the demand for, as well as the available of the product in the market, will be limited.