/məˈnɒpəlɪ/ – Noun
Definition: độc quyền.
A more thorough explanation: A monopoly is a situation in which a single company or group owns all or nearly all of the market for a particular type of product or service, giving them significant control over the market and the ability to set prices and restrict competition.
Example: The company was accused of engaging in monopolistic practices by dominating the market and driving competitors out of business.