A monopoly that occurs when a single firm controls manufacturing methods necessary to produce a certain product, or has exclusive rights over the technology used to manufacture it. Technological monopolies differ from those based on vertical or horizontal consolidation in that the exclusivity derives from the production process itself.
Use 'technological monopoly' in a Sentence
We don't have the knowledge or resources to break the technological monopoly they have acquired their exclusive friendship with the suppliers.
Two large computer manufacturers are looking at a merger. The first thing the must consider are the technological monopoly law designed to ensure one company doesn't get to big.
It was a technological monopoly and I thought I had to interfere because it was not going to end well if I didn't.
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