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monopolize

(UK also monopolise)
 
 
/məˈnɒpəlaɪz/ verb [T]

Definition

to take control of the supply and price of a particular product or service: Businesses might try to monopolize a market.
monopolization (UK also monopolisation) noun [U] In the government's view, the goal is to "ensure that there remain no practices likely to result in monopolization."
(Definition of monopolize verb from the Cambridge Business English Dictionary © Cambridge University Press)

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