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Meaning of “monopolistic” in the English Dictionary

"monopolistic" in Business English

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monopolisticadjective

uk   us   /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 from the Cambridge Business English Dictionary © Cambridge University Press)
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