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Exam: GMAT (Verbal)

monopolist

IPA: /məˈnɒpəlɪst/

KK: /məˈnɑːpəlist/

noun

Definition: A person or company that has complete control over a particular market or product, preventing competition.

Example: The monopolist set high prices because there were no other companies to compete with them.

monopolistic

IPA: /məˌnɒpəˈlɪstɪk/

KK: /məˌnɑːpəˈlɪstɪk/

adjective

Definition: Describing a situation where a single company or group has complete control over a market or product, limiting competition.

Example: The monopolistic practices of the company led to higher prices for consumers.

monopolization

IPA: /məˌnɒpəlaɪˈzeɪʃən/

KK: /məˌnɑːpəlaɪˈzeɪʃən/

noun

Definition: The process of controlling a market or industry by having no competition, so that one company or group has all the power.

Example: The monopolization of the telecommunications industry has led to higher prices for consumers.

monopolize

IPA: /məˈnɒpəlaɪz/

KK: /məˈnɑːpəˌlaɪz/

transitive verb

Definition: To take control of something completely, preventing others from having a share or participating.

Example: The company tried to monopolize the market by buying out all its competitors.

monopsonistic

IPA: /ˌmɒnəpˈsɒnɪstɪk/

KK: /mɑˈnɑp.sə.nɪstɪk/

adjective

Definition: Relating to a market situation where there is only one buyer for a product or service.

Example: In a monopsonistic market, the single buyer has significant control over prices and supply.

monopsony

IPA: /məˈnɒpsəni/

KK: /mənˈɑpsəni/

noun

Definition: A market condition where there is only one buyer for a product or service, while multiple sellers exist.

Example: In a monopsony, the single buyer has significant control over the price and supply of goods.

morale

IPA: /mɒˈræl/

KK: /mɔˈræl/

noun

Definition: The emotional and mental state of a person or group, especially in terms of their confidence and willingness to work together.

Example: The team's morale was high after their recent victory.

movant

IPA: /ˈmoʊvənt/

KK: /ˈmoʊvənt/

noun

Definition: A person or party that makes a formal request or motion in a legal proceeding, asking the court to take a specific action.

Example: The movant submitted a request for the judge to dismiss the case.

mulct

IPA: /mʌlkt/

KK: /mʌlkt/

noun

Definition: A punishment that involves taking money from someone, usually as a fine.

Example: The court decided to impose a mulct on the company for violating regulations.

transitive verb

Definition: To take money or property from someone in a dishonest way, often by trickery or deception.

Example: The con artist tried to mulct the unsuspecting tourists out of their money.

multimillion

IPA: /ˌmʌl.tɪˈmɪl.jən/

KK: /mʌltɪˈmɪljən/

noun

Definition: A sum of money that is in the millions, often used to describe large financial amounts or wealth.

Example: The company reported a multimillion dollar profit this year.

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