monopoly
IPA: mʌnˈɑpʌɫi
noun
- A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
- An exclusive control over the trade or production of a commodity or service through exclusive possession.
- The privilege granting the exclusive right to exert such control.
- (metonymically) The market thus controlled.
- (metonymically) The holder (person, company or other) of such market domination in one of the above manners.
- (games, board games) A board game in which players use play money to buy and trade properties, with the objective of forcing opponents into bankruptcy.
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Examples of "monopoly" in Sentences
- The ruler creates the monopoly.
- The monopoly became an oligopoly.
- The state held the monopoly for the salt.
- The monopoly remained in vigor until 1787.
- The word monopoly is nowhere in the article.
- This category ranges from oligopoly to monopoly.
- The issue is the definition of coercive monopoly.
- The Hollywood oligopoly replaced the Edison monopoly.
- In fact, they seek dominance via Monopoly and Oligopoly.
- A miniature thimble is one of the tokens in the game of Monopoly.
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