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Discover Ludwig"the monopoly" is a correct and usable part of a sentence in written English
You can use it when you are referring to a specific monopoly, such as a government-granted or exclusive privilege to carry on a particular trade or industry. For example, "The monopoly held by the company caused prices to rise dramatically."
Dictionary
the monopoly
noun
A situation, by legal privilege or other agreement, in which solely one party (company, cartel etc.) exclusively provides a particular product or service, dominating that market and generally exerting powerful control over it.
synonyms
Exact(55)
Boro had the monopoly.
The Monopoly board is open to all.
"In exchange, they are given the monopoly".
Wired called it the "Monopoly Killer".
Today, the monopoly has waned.
First, it has the monopoly on opposition.
There is some mystery about the monopoly.
Similar(4)
"It's classic protecting-the-monopoly behavior," says Turner.
The couple with the Monopoly-theme bathroom, for instance.
But everybody called it 'the monopoly game'.
A room was set aside as "The Monopoly Room".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com