Meaning of “pure monopoly” in the English Dictionary

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"pure monopoly" in Business English

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pure monopolynoun [ C or U ]

uk us ECONOMICS

a situation where one company has complete control of the supply of a product or service:

The Post Office has a pure monopoly on the delivery of letters, as no individual company would be able to compete.
High profits always attract competitors, so cases of pure monopoly are rare.

(Definition of “pure monopoly” from the Cambridge Business English Dictionary © Cambridge University Press)