Monopolist (Noun)
Meaning
Someone who monopolizes the means of producing or selling something.
Classification
Nouns denoting people.
Examples
- The oil tycoon was accused of being a monopolist, controlling nearly 90% of the country's refining capacity.
- Critics argued that the tech giant was a monopolist, using its dominant market position to stifle competition.
- The company's aggressive business tactics led many to label its CEO as a monopolist, who would stop at nothing to eliminate the competition.
- The government launched an investigation into the pharmaceutical company, alleging that it was a monopolist that had artificially inflated the price of a life-saving medication.
- As a monopolist, the media mogul was able to dictate the terms of the advertising market, squeezing out smaller competitors.