Monopolist

What is a 'Monopolist'

A monopolist is a person, group or organization with a monopoly. In other words, an individual or company that controls all of the market for a particular good or service.

BREAKING DOWN 'Monopolist'

A monopolist probably also believes in policies that favor monopolies since it gives them greater power. A monopolist has little incentive to improve their product because customers have no alternatives. Instead, their motivation is focused on protecting the monopoly.