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Dictionary definition for: Monopoly

1. (n) (economics) a market in which there are many buyers but only one seller; "a monopoly on silver" "when you have a monopoly you can ask any price you like"

2. (n) exclusive control or possession of something; "They have no monopoly on intelligence"

3. (n) a board game in which players try to gain a monopoly on real estate as pieces advance around the board according to the throw of a die

WordNet 2.1 Copyright Princeton University. All rights reserved.