Definition, Meaning & Synonyms

monopolist

noun

/məˈnɒp.ə.lɪst/

Definition

A monopolist is a person or entity that holds exclusive control over a commodity or service in a market.

Examples

The monopolist set high prices for the software because there were no competitors.
As a monopolist, the company could dictate terms to its customers without fear of being undercut by rivals.
Government regulations often seek to prevent monopolists from exploiting their market dominance.

Meaning

The term refers to someone who has monopolized a certain market, meaning they are the sole provider of a particular good or service, which gives them significant power over pricing and availability.