Meaning of “monopolistic” in the English Dictionary


"monopolistic" in Business English

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uk /məˌnɒpəˈlɪstɪk/ us 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)