Monopolist
(noun)
A person or company that has a monopoly on the production, distribution or trade of a particular product or service.
Origin:
Derived from the greek words "monos" meaning "one" and "polein" meaning "to sell".
Examples:
- The monopolist controls the entire market for a certain product.
- Monopolists have the power to control prices and limit competition.
- Monopolist can be found in various industries such as energy, telecommunications and transportation.
- Monopolist can lead to reduced innovation and higher prices for consumers.
- Anti-trust laws are in place to prevent monopolies and promote competition in the market.