[muh-nop-uh-lee] 
| 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 something. |
| 4. | something that is the subject of such control, as a commodity or service. |
| 5. | a company or group that has such control. |
| 6. | the market condition that exists when there is only one seller. |
| 7. | (initial capital letter ) a board game in which a player attempts to gain a monopoly of real estate by advancing around the board and purchasing property, acquiring capital by collecting rent from other players whose pieces land on that property. |
lion right of exclusive sale, equiv. to mono- mono- + pōl(eîn) to sell + -ion n. suffixmonopoly