| The term monopoly originates from the concept not of pricing behaviour, but of control: "exclusive control of a commodity or trade," 1530s, from Latin monopolium, from Greek monopolion "right of exclusive sale," from monos "single, alone" (from PIE root men- (4) "small, isolated") + polein "to sell," from PIE root * pel- (4) "to sell."* https://www.etymonline.com/word/monopoly There's a related term, little used today, that references actively seeking to control a market with an interest in manipulating price: To purchase either the whole or large quantities of, for the purpose of enhancing the price and making a profit; hence, to take or assume in undue quantity, proportion, or degree; as, to engross commodities in market; to engross power. (Definition #5.) http://www.dict.org/bin/Dict?Form=Dict2&Database=*&Query=eng... Much of modern economics underplays this at best. The Libertarian favourite, Henry Hazlitt's Economics in One Lesson, fails to mention the matter of monopolies at all. https://www.mises.org/library/economics-one-lesson Sometimes it's the censorship and deletions that tell you most of what an organisation or ideology is concerned with. |