A monopolizer is an individual or entity that exercises exclusive control over a particular trade, commodity, or service within a specific market. This control often eliminates competition, allowing the monopolizer to dictate prices and terms, potentially to the detriment of consumers and smaller businesses. Their actions create a situation where others are unable to enter the market or compete effectively, giving them excessive power. The intent is to eliminate or restrict competition and control the supply of a product, thus controlling profits.
Monopolizer meaning with examples
- The tech giant was accused of being a monopolizer in the software market. They acquired many smaller companies, effectively shutting down innovation from any competition. Regulators investigated the company. This created the potential for price gouging and limiting consumer choice, raising concerns about fair market practices, ultimately harming competitors.
- The oil baron, a known monopolizer, controlled nearly every aspect of the global petroleum trade, from extraction to distribution. This allowed him to set global prices, and wield significant political influence. Many people depended on the oil trade. He faced ongoing scrutiny from governments and consumer advocacy groups, for his market control and questionable business practices.
- The game developer, a notorious monopolizer, consistently released games that featured pay-to-win mechanics, and locked players out of essential content. The aim of this was to force players to purchase in-game currency. Many customers complained, thus the game was criticized heavily by players and gaming journalists. This approach alienated many customers in the long term.
- The real estate mogul, known as a monopolizer, purchased all available properties within a developing area, effectively controlling the housing market. This action allowed them to manipulate rental prices. They leveraged this dominance for exorbitant profits, and leaving prospective residents with limited options, facing ethical and legal challenges.
Monopolizer Synonyms
cartelist controller cornerer dominant player market dominator oligopolist tycoonMonopolizer Antonyms
challenger competitor decentralizer entrepreneur free market advocate rivalMonopolizer Crossword Answers
3 Letters
HOG
10 Letters
MONOPOLIST
11 Letters
MONOPOLISER