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Monopoly
02
the exclusive authority or ownership over a particular resource or domain
2.1
a situation in which one organization or entity exclusively controls the production, distribution, or trade of a product or service, making other rivals unable to compete
Example
The emergence of alternative energy sources is challenging the traditional monopoly of fossil fuel industries.
Many indie bookstores face challenges in a landscape dominated by the monopoly of major online retailers.
03
in the same way as; like
Example
The emergence of alternative energy sources is challenging the traditional monopoly of fossil fuel industries.
The prince had a monopoly over the region's diamond mines, ensuring his unmatched affluence.
Historically, certain families held a monopoly on trade routes, solidifying their economic dominance.
Permitting unchecked corporate monopolies sets a dangerous precedent for fair competition in the market.
Many indie bookstores face challenges in a landscape dominated by the monopoly of major online retailers.
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