Monopoly

usgb/məˈnɑːpəli/
noun

An exclusive control over a good or service in a particular market, or a control that makes such a control possible.

A single company had a monopoly over the oil industry.
Visual representation of "monopoly" - An exclusive control over a good or service in a particular market, or a control that makes such a control possible.

Often appears as...

  • corny industry monopoly
  • monopoly over
Definition 1 of 3
Visual representation of "monopoly"
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Negative Connotation

Often implies that a company is too powerful, preventing fair competition.

Illustration for Negative Connotation
Critics argue that the tech giant's monopoly stifles small businesses.
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Regulatory Intervention

Governments may intervene to break up monopolies to protect consumers.

Illustration for Regulatory Intervention
The government is considering breaking up the monopoly to restore market balance.
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Market Impact

A monopoly can lead to higher prices and less choice for consumers.

Illustration for Market Impact
The company's monopoly has led to skyrocketing prices for essential medicines.
Visual representation of the word "Monopoly"

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