noun
- people or companies that have exclusive control over a market or industry
Usage: plural of monopolist
Examples
- The government broke up the company to prevent monopolists from controlling oil prices.
- Small businesses struggled to compete against the monopolists in the telecommunications industry.
- Antitrust laws were created to limit the power of monopolists.
- The monopolists raised prices because consumers had no other options.
- Economic reformers argued that monopolists stifled innovation and competition.
- Regulators investigated whether the tech giants were acting as monopolists.