The term 'monopolize' is often used in business and economics to discuss unfair market control. A single broadband provider began to monopolize internet services in the town.
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Negative Connotation
'Monopolize' usually implies negative consequences for others who are excluded. The company's attempt to monopolize led to a high court antitrust case.
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Not Always Total
To 'monopolize' doesn't mean a 100% takeover, but a significant dominance or control. They don’t own all the oil fields but do monopolize the market with their pricing strategies.