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:

  1. The monopolist controls the entire market for a certain product.
  2. Monopolists have the power to control prices and limit competition.
  3. Monopolist can be found in various industries such as energy, telecommunications and transportation.
  4. Monopolist can lead to reduced innovation and higher prices for consumers.
  5. Anti-trust laws are in place to prevent monopolies and promote competition in the market.
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