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CEFR B2 — Upper-Intermediate

Monopoly

Definition

A situation in which one company or organization has complete control over a particular market or industry, or the company or organization that has this control.

Example Sentences

1The government is trying to break up the monopoly that the tech giant has on the digital advertising market.
2Is it fair for one company to have a monopoly on a particular product or service?
3The company's monopoly on the market has allowed it to charge high prices for its products.
4If a company has a monopoly, it can limit production to keep prices high and maximize profits.
5The government has laws in place to prevent monopolies from forming and to promote competition in the market.

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