absolute monopoly meaning
- noun (economics)
A situation in which a single organization has total control over the output of a product, commodity or service for which there is no substitute
a situation in which a company has complete control of the production and sale of particular goods or the supply of a particular service:
The Post Office in the UK used to have an absolute monopoly.
Copyright protection technologies risk giving copyright owners an absolute monopoly over content for ever.
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- the company had the absolute monopoly of import of french wine
- The IMF does not have an absolute monopoly on the truth.
- Wumen's poem suggests that neither view of causality has an absolute monopoly on the truth.
- Her conclusion : Microsoft set out to crush competing operating systems with the aim of establishing an absolute monopoly.
- After all, until now, Veriss and Bbb23 have had absolute monopoly over what and how they conduct things in the article.
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