monopoly (B2)

noun

Pronunciation: /məˈnɒpəli/

Definition

Exclusive control or possession of something, especially the entire supply of a commodity or service in a particular market.

Examples

• The company had a monopoly on the sale of rare minerals.

• Critics argued that the tech giant's dominance created a dangerous monopoly.

• The government stepped in to break up the telephone company's monopoly.

How to Use monopoly

monopoly on (prepositional phrase)

Exclusive control over a particular market or resource. — "The company secured a monopoly on the distribution of the new drug."

Synonyms of monopoly

Words with a similar meaning to monopoly:

• control
• domination
• exclusivity
• stranglehold

Antonyms of monopoly

Words with the opposite meaning to monopoly:

• competition
• open market

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