Definition of Monopoly

the state in which one entity or individual dominates an entire industry or market

Examples of Monopoly in a sentence

The local cable company has a monopoly on high speed Internet because it offers the only web access in town.  🔊

In the game of Monopoly, players strive to own all the properties of a specific color in order to increase their rental fees.  🔊

Because the development company owns all of the downtown properties, it has a real estate monopoly in the area.  🔊

Anti-trust laws have been enacted to prevent companies from disrupting fair trade by obtaining a monopoly in a specific industry.  🔊

When satellite television systems became popular, cable companies lost their monopoly on the home entertainment market.  🔊

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