what is a monopolistic market 
a monopolistic market is a theoretical condition that describes a market where only one company may offer products and services to the public a monopolistic market is the opposite of a perfectly competitive market in which an infinite number of firms operate in a purely monopolistic model the monopoly firm can restrict output raise prices and enjoy super normal profits in the long run understanding monopolistic marketsa monopolistic market is a market structure with the characteristics of a pure monopoly a monopoly exists when one supplier provides a particular good or service to many consumers ultimately allowing it to set the price and supply of a good or services purely monopolistic markets are scarce and perhaps even impossible in the absence of absolute barriers to entry such as a ban on competition or sole possession of all natural resources 