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Monopolizes is a verb that refers to the act of gaining exclusive control over a particular market or industry, allowing one entity or individual to dominate the production, distribution, or sale of a specific product or service. It is characterized by the absence of competition, lack of choice, and the power to set prices or terms without other market players' influence.
When someone monopolizes a market, they prevent other companies from emerging or thriving, granting themselves an unfair advantage and often resulting in higher prices, limited availability, and reduced customer options. The monopolistic entity typically has a significant market share, if not complete dominance, which allows them to manipulate supply and demand to their advantage. This can stifle innovation, hinder market competitiveness, and create barriers for potential new entrants.
Monopolies might arise from various factors such as having exclusive access to crucial resources, possessing patented technologies, implementing anticompetitive practices, or leveraging substantial economies of scale. Governments often regulate and enforce antitrust laws to prevent or dismantle monopolies, as they can adversely impact consumer welfare, economic efficiency, and fair market dynamics.
In summary, monopolizes refers to the action of obtaining control over a market, thereby limiting competition, limiting consumer options, and potentially allowing the controlling entity to exert excessive influence over prices and supply.
The word "monopolizes" is derived from the noun "monopoly". The word "monopoly" originated from the combination of two Greek words, "monos", meaning "alone" or "single", and "polein", meaning "to sell". The term was then adapted into Late Latin as "monopolium" and later into Middle French as "monopole". Eventually, it entered the English language in the 16th century as "monopoly" and the verb form "monopolize" emerged from it. The word "monopolize" refers to the act of gaining exclusive control or ownership of a particular product, service, or industry.
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FUTURE PERFECT
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PRESENT
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PRESENT PERFECT
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