Question

The exclusive control over a market by one company is called:

• A. Capitalism
• B. Monopoly
• C. Entrepreneurship
• D. Bankruptcy

Answer 1

Answer:

B. Monopoly

• A monopoly occurs when one company has exclusive control over a market, eliminating competition and allowing it to set prices without external pressure.

• A) Capitalism – An economic system where private individuals own businesses and operate in a competitive market, not exclusive control by one company.

• C) Entrepreneurship – The process of starting and running a business, not related to market control.

• D) Bankruptcy – A legal process when a business or individual is unable to pay debts, not about market dominance.