monopoly

• Sustantivo que designa una situación de mercado en la que existe un único vendedor de un bien o servicio, o el control exclusivo sobre un determinado producto o servicio.

A noun referring to a market situation where there is only one seller of a product or service, or exclusive control over a particular commodity or service.

1. Market controlB2formalbusiness

   A situation in which a single company or group owns all or nearly all of the market for a given type of product or service.

   Monopolio

   • The company was accused of creating a monopoly in the telecommunications industry.
   • Government regulations aim to prevent monopolies from forming.
   • A monopoly can lead to higher prices for consumers.

   Sinónimoscontrolcornerdominancedominationgripholdmonopolization

   Antónimoscompetitionoligopolypluralism

2. Exclusive possessionB2formal

   The exclusive control or possession of something, not necessarily in a business context.

   Monopolio exclusivo

   • He has a monopoly on the best ideas in the team.
   • The country held a monopoly on the production of that rare mineral.
   • She doesn't have a monopoly on good taste.

   Sinónimoscornerdominationexclusivenessmonopolization