the lack of competition within a monopoly means that
IJR: DAVID BLACKMON: Competition, Not Monopoly Control, The Answer To Grid Reliability Lack means to be without or to have less than a desirable quantity of something: to lack courage, sufficient money, enough members to make a quorum. Want may imply some urgency in fulfilling a requirement or a desire: Willing workers are badly wanted.
Market structures of Perfect competition, Monopoly, Monopolistic ...
