monopoly

noun

1. (economics) a market in which there are many buyers but only one seller

   noun.state

   Examples

   A monopoly on silver.

   When you have a monopoly you can ask any price you like.

   Source: WordNet 3.0

2. exclusive control or possession of something

   noun.state

   Examples

   They have no monopoly on intelligence.

   Source: WordNet 3.0

3. 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

   noun.act

   Source: WordNet 3.0

4. The exclusive power, or privilege of selling a commodity; the exclusive power, right, or privilege of dealing in some article, or of trading in some market; sole command of the traffic in anything, however obtained; as, the proprietor of a patented article is given a <i>monopoly</i> of its sale for a limited time; chartered trading companies have sometimes had a <i>monopoly</i> of trade with remote regions; a combination of traders may get a <i>monopoly</i> of a particular product.

   noun

   Source: webster1913