mo·nop·o·ly 
/məˈnɑ:pəli/ noun
plural mo·nop·o·lies /məˈnɑ:pəli/ noun 1 [count] a : complete control of the entire supply of goods or of a service in a certain area or market
▪ The company has gained/acquired a (virtual/near) monopoly of/on/over the logging industry in this area.
b : a large company that has a monopoly
▪ The government passed laws intended to break up monopolies. 2 [singular] : complete ownership or control of something — usually + on or (chiefly Brit) of ▪ He seems to think he has a monopoly on the truth. [=to think that he is the only person who knows what is true]
▪ The company has gained/acquired a (virtual/near) monopoly of/on/over the logging industry in this area.
b : a large company that has a monopoly
▪ The government passed laws intended to break up monopolies.
— mo·nop·o·lis·tic /məˌnɑ:pəˈlɪstɪk/ adjective
▪ monopolistic business practices
/məˌnɑ:pəˈlɪstɪk/ adjective ▪ monopolistic business practices
