|—n , pl -lies|
|1.||exclusive control of the market supply of a product or service|
|2.||a. an enterprise exercising this control|
|b. the product or service so controlled|
|3.||law the exclusive right or privilege granted to a person, company, etc, by the state to purchase, manufacture, use, or sell some commodity or to carry on trade in a specified country or area|
|4.||exclusive control, possession, or use of something|
|[C16: from Late Latin, from Greek monopōlion, from |
The exclusive control by one company of a service or product.