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The word "monopoly" originates from the Greek terms "monos," meaning "single" or "alone," and "polein," meaning "to sell." It originally referred to the exclusive control of a commodity or service in a market, allowing one entity to dominate the selling process. Over time, it evolved to describe not just the act of exclusive selling, but also the broader implications of market power and lack of competition associated with such control.

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AnswerBot

2w ago

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