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mo⋅nop⋅o⋅ly \/məˈnɒpəli/ Show Spelled Pronunciation [muh-nop-uh-lee]

1.	exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.

2.	an exclusive privilege to carry on a business, traffic, or service, granted by a government.

3.	the exclusive possession or control of something.

4.	something that is the subject of such control, as a commodity or service.

5.	a company or group that has such control.

6.	the market condition that exists when there is only one seller.

Its not that difficult to understand, you are taking it way out of context.