Definitions

1. noun

exclusive control or ownership of a particular market or industry

“The company’s monopoly on the tech market allowed them to set prices as they saw fit.”

2. noun

a situation in which a single person or organization has complete control over something

“The new government’s monopoly on the media raised concerns about freedom of speech.”

3. verb

to have or establish exclusive control or ownership of a particular market or industry

“The company is trying to monopolize the online gaming market.”