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monopolize verb ( BUSINESS )
(UK usually monopolise) 
/məˈnɒp.əl.aɪz/
/-ˈnɑː.pə.laɪz/ v [T]
/məˈnɒp.əl.aɪz//-ˈnɑː.pə.laɪz/ v [T] Definition
in business, to control something completely and to prevent other people having any effect on what happens
The company had monopolized the photography market for so many decades that they didn't worry about competition from other companies.
monopolization noun
UK usually monopolisation /məˌnɒp.əl.aɪˈzeɪ.ʃən//-ˌnɑː.pəl-/ n [U] (Definition of monopolize verb (BUSINESS) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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