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Glossary   >   M   >   "Monopoly" Definition            Monopoly A situation in which a single company owns all or nearly all of the market for a given type of product or service. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Monopoly - A situation in which a single company owns all or nearly all of the market for a given type of product or service.