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People use the word monopoly very casually and rhetorically, but never correctly.
People use the word monopoly very casually and rhetorically, but never correctly.
I blame the board game Monopoly. You get Board Walk and Park Place, and they call it a monopoly. Linguistic injustice!
Surely there's room to redefine the 'pure' definition of monopoly to include relative hegemony. No? Well that's how it's being used.