The domination of an entire market by a single company is referred to as

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A monopoly refers to a situation where a company or entity has exclusive control over a particular market or industry, allowing them to dictate prices, control supply, and dominate competition. This can happen through various means, including mergers and acquisitions, intellectual property protections, or simply outcompeting other firms. An oligopoly, on the other hand, refers to a market where a small number of companies have significant market share, but not necessarily complete control. An oligarchy and a plutocracy refer more broadly to systems of government or social structures, rather than economic phenomena.

The Domination of an Entire Market by a Single Company