/məˈnɑːpəli/
mon·op·only
BrE /məˈnɒpəli/
NAmE /məˈnɑːpəli/
(
plural
mon·op·olies)
~ (in/of/on sth)
(business)
the complete control of trade in particular goods or the supply of a particular service; a type of goods or a service that is controlled in this way
In the past central government had a monopoly on television broadcasting.
Electricity, gas and water were considered to be natural monopolies.
➡ compare duopoly
[usually singular]
~ in/of/on sth
the complete control, possession or use of sth; a thing that belongs only to one person or group and that other people cannot share
Managers do not have a monopoly on stress.
A good education should not be the monopoly of the rich.
Monopoly™
a board game in which players have to pretend to buy and sell land and houses, using pieces of paper that look like money