Definitions of "monopoly"
  1. This is a singular control over a specific market, marked by the ability to dictate prices and prevent competitors from entering. This control is usually achieved deliberately, not just because of superior products or skills
  2. This refers to an entity that possesses total control over a specific market
How to use "monopoly" in a sentence
  1. The software company was accused of creating a monopoly to control prices and exclude competition in the tech industry.
  2. As a monopoly, the corporation had the power to determine pricing in the market without any competition.
  3. The government stepped in to regulate the situation fearing the formation of a monopoly.

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