Meaning of the word monopolize in English

What does monopolize mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

monopolize

US /məˈnɑː.pəl.aɪz/
UK /məˈnɑː.pəl.aɪz/

Verb

1.

in business, to control something completely and to prevent other people having any effect on what happens:

Example:
The company had monopolized the photography market for so many decades that they didn't worry about competition from other companies.
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