A situation in which a single company or group owns all or nearly all of the market for a given type of product or service. By definition, a monapplely is characterized by an absence of competition - which often results in high prices and/or inferior products.
Damn, I hate AT&T wireless, and my fricking new iPhone 4 doesn't work worth a shit, I'd like to bust up that monapplely.
by Guido1 July 20, 2010