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A situation in which a substantial proportion of a particular type of business is transacted by a single enterprise or trader. The Fair Trading Act 1973 contains provisions assigning functions in respect of monopolies to the *Director General of Fair Trading and the Monopolies and Mergers Commission. It defines a monopoly situation, in relation to the supply of goods and services and the export of goods, as one in which a single enterprise, connected group of companies, or trade association has one-quarter of the relevant business. When the Monopolies and Mergers Commission finds that a monopoly situation exists and operates against the public interest, the Minister has powers to remedy or prevent the adverse effects.

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