Vocabulary Entry

monopoly

|noun • verb

noun

A market structure in which a single seller controls the entire supply of a product or service.

Example Sentences

"The city had a monopoly on water supply, making it difficult for competitors to enter the market."

"Many consumers complained about the high prices due to the monopoly held by the only cable provider."

"Regulatory agencies often monitor monopolies to prevent unfair practices."

verb

Example Sentences

"The company attempted to monopolize the smartphone market with its innovative designs."

"He feared that one corporation might monopolize the resources needed for production."

"If we let them monopolize the discussion, other opinions will not be heard."