Monopoly
Definition 1 of 3
Pro Tip 1/3
Negative Connotation
Often implies that a company is too powerful, preventing fair competition. Critics argue that the tech giant's monopoly stifles small businesses.
Pro Tip 2/3
Regulatory Intervention
Governments may intervene to break up monopolies to protect consumers. The government is considering breaking up the monopoly to restore market balance.
Pro Tip 3/3
Market Impact
A monopoly can lead to higher prices and less choice for consumers. The company's monopoly has led to skyrocketing prices for essential medicines.