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monopoly

monopoly

monopoly - Dictionary definition and meaning for word monopoly

Definition
(noun) (economics) a market in which there are many buyers but only one seller
Example Sentence
  • a monopoly on silver
  • when you have a monopoly you can ask any price you like

Definition
(noun) exclusive control or possession of something
Example Sentence
  • They have no monopoly on intelligence

Definition
(noun) a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die

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