Competition Law

2 words in this vocabulary list

noun a person or company that has a monopoly on a particular market or industry

  • The monopolist controlled the entire market, setting prices as they pleased.
  • The monopolist had a tight grip on the market, dictating prices as they wanted.
  • That monopolist is raking in all the cash by dominating the market.
  • The monopolist was like a giant dragon hoarding all the treasure in the market.

noun a practice or agreement that limits free competition in the marketplace

preposition the word 'of' in this phrase indicates a relationship between 'restraint' and 'trade'

  • The company was accused of engaging in restraint of trade practices by limiting competition in the market.
  • They were saying that the company was trying to control the market by restraining trade.
  • The company was caught red-handed for messing with the trade game.
  • The restriction on trade was like a heavy chain holding back the economy's growth.