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English definition of “monopoly”

monopoly

noun [C]     /məˈnɒpəli/
SYSTEM a situation in which a company or organization is the only one in an area of business or activity and has complete control of it: They have a monopoly on the postal service.Mergers and takeovers
COMPANY a company or other organization that has a monopoly in a particular industryMergers and takeovers
(Definition of monopoly noun from the Cambridge Learner's Dictionary © Cambridge University Press)

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