With a monolithic repo done right, the other teams broke their build of their branch, and it's up to them to resolve it. You, meanwhile, are perfectly happy working on your branch. When their changes are mergeable into trunk, then they may merge them, not before — and likewise for you.

With multiple repos, they break your build, but don't know it. You don't know it either, until you update your copies of their repos — and now you have to figure out what they did, and why, and how to update your logic to handle their new control flow, and then you update again and get to do it again, until finally you ragequit and go live in a log cabin with neither electricity nor running water.