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Public mo·nop·o·ly /m??n?p?li/ Pronunciation Key - Show Spelled Pronunciation[muh-nop-uh-lee] Pronunciation Key - Show IPA Pronunciation
–noun, plural -lies.
1. exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.
2. an exclusive privilege to carry on a business, traffic, or service, granted by a government.
3. the exclusive possession or control of ...
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