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monopoly

 
/məˈnɑp·ə·li/ n [C]

Definition

social studies complete control of the supply of particular goods or services, or a company or group that has such control: The Postal Service is guaranteed a monopoly on all first-class letters. fig. California has no monopoly on strangeness (= is not the only strange place). monopolistic
 
/məˌnɑp·əˈlɪs·tɪk/ adj
a monopolistic system
(Definition of monopoly n from the Cambridge Academic Content Dictionary © Cambridge University Press)

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