monopoly

/məˈnɑpəli/
noun
  1. Complete control of a product, service, or market by one company or group, with no competition.
    • The government granted the railroad a monopoly to build tracks in the region.
    • Breaking up a monopoly can lead to lower prices and better service for consumers.
    • The company had a monopoly on the local phone service for decades.
  2. A company or group that has such complete control.
    • The monopoly raised prices because customers had no other choice.
    • The utility company was a state-regulated monopoly.
    • The tech giant was accused of acting like a monopoly by crushing smaller rivals.
  3. Exclusive possession or control of something, such as a resource or activity.
    • He seems to think he has a monopoly on good ideas.
    • She doesn't have a monopoly on being busy; we all have a lot to do.
    • No single country has a monopoly on scientific discovery.
  4. A board game in which players buy and trade properties, aiming to become the wealthiest player.
    • Monopoly is a classic family game that teaches basic money management.
    • I always try to buy the railroads when I play Monopoly.
    • We played Monopoly last night, and it took over three hours.
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