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English definition of “monopolistic”


adjective     /məˌnɒpəˈlɪstɪk/ ECONOMICS
used to describe the actions of a company that is able to control the supply and price of a particular product or service : monopolistic control/power If they used their monopolistic power to bully rivals , then they should be called to account for conduct that is prohibited . The company is often accused of monopolistic practices .
(Definition of monopolistic adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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