Monopolistic (adjective)

Describing a market or industry in which a single company or group of companies controls the majority of the market share.

Origin:

Derived from the greek words "monos" meaning "one" and "polein" meaning "to sell".

Examples:

1. The monopolistic company controls the entire market for a certain product.
2. A monopolistic market can lead to reduced innovation and higher prices for consumers.
3. Monopolistic markets can be found in various industries such as energy, telecommunications and transportation.
4. Monopolistic practices can be illegal under anti-trust laws.
5. Monopolistic competition is a type of market where firms have some market power but not complete control over prices.