Monopoly

What is a monopoly? It is when a company has control of the market. Even though one company might sell with other sellers--the parent company can still be a monopoly! An online retailer is one as such--and it controls the prices and charges 30% fee for your sale on the site.

If one agreed or found out to be a monopoly--it would need to be divided up and sole to others--that gets rid of the monopoly!

monopoly noun mo·​nop·​o·​ly mə-ˈnä-p(ə-)lē

plural monopolies

1 : exclusive ownership through legal privilege, command of supply, or concerted action 2 : exclusive possession or control

no country has a monopoly on morality or truth—Helen M. Lynd 3 : a commodity controlled by one party

had a monopoly on flint from their quarries—Barbara A. Leitch 4 : one that has a monopoly

The government passed laws intended to break up monopolies.

P.S. STOP BUYING from a monopoly!

Definition from Merriam Webster

Video: What is a monopoly?