Monopoly - definition, pronunciation, transcription

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Amer.  |məˈnɑːpəlɪ|  American pronunciation of the word monopoly
Brit.  |məˈnɒp(ə)lɪ|  British pronunciation of the word monopoly

noun

- (economics) a market in which there are many buyers but only one seller
a monopoly on silver
when you have a monopoly you can ask any price you like
- exclusive control or possession of something
They have no monopoly on intelligence
- a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die

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

noun
singular: monopoly
plural: monopolies
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