Definition, Meaning & Synonyms
monopolistic
Adjective
/məˌnɒp.əˈlɪs.tɪk/
Definition
Relating to or characterized by the dominance of one provider or seller in a market, limiting competition.
Examples
- The company’s monopolistic practices have raised concerns among regulators.
- In a monopolistic market, consumers may have fewer choices for products.
- Antitrust laws exist to counteract monopolistic behavior to promote fair competition.
Meaning
Monopolistic describes a market structure where a single company or entity has significant control over an entire industry, allowing it to set prices and dictate terms, often at the expense of competition.
Synonyms
- Dominant
- Controlling
- Exclusive
- Authoritarian
- Regulated
