Monopolization (Noun)
Meaning
Domination (of a market or commodity) to the exclusion of others.
Classification
Nouns denoting acts or actions.
Examples
- The government launched an investigation into the tech giant's alleged monopolization of the online advertising market.
- Critics argued that the merger would lead to the monopolization of the airline industry, resulting in higher prices for consumers.
- The company's aggressive business tactics were seen as an attempt to achieve monopolization of the market, squeezing out smaller competitors.
- The court ruled that the corporation's actions constituted monopolization of the energy sector, ordering it to divest its assets.
- Regulators sought to prevent the monopolization of the pharmaceutical industry by imposing strict antitrust laws on companies that attempted to acquire too much market share.