Monopoly - definition, pronunciation, transcription
noun
when you have a monopoly you can ask any price you like
Extra examples
The government passed laws intended to break up monopolies.
A monopoly is an industry in which there is one seller.
Monopoly is firm that controls the entire supply of a good or service.
They are demanding an end to the Communist Party's monopoly of power.
For years Bell Telephone had a monopoly on telephone services in the US.
The company is a state-owned monopoly.
Teachers do not have a monopoly on educational debate.
In a cartel, competitors agree to act as a monopoly to gain monopoly profits.
The firm possesses an airtight monopoly over these assets.
They have no monopoly on intelligence
Word forms
singular: monopoly
plural: monopolies
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