Multiple choice

A _______________________ is the total control of a product or business by one person or group.

  1. monopoly

  2. conglomerate

  3. power grab

  4. municipality
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A monopoly is a market structure where a single entity has total control over the supply of a product or service. This eliminates competition and allows the entity to dictate terms.

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