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mo·nop·o·ly
 monopoly
- pronunciation:
- m
na
p
li
| part of speech: |
noun |
| inflections: |
monopolies |
| definition 1: |
complete control over a service or commodity within a given market, so that competition is eliminated.
- similar words:
- ascendancy, control, domination, exclusiveness, power
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| definition 2: |
a company that has such control.
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| definition 3: |
an exclusive privilege, granted by government, to carry on a particular business.
- similar words:
- contract, license, patent, power, privilege
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| definition 4: |
a market characterized by only one seller or regulated by a pricing agreement between sellers. (Cf. monopsony.)
- similar words:
- cartel, price fixing, trust
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| definition 5: |
possession of something to a degree surpassing or excluding all competitors.
He has a monopoly on charm and wit. |
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