The exclusive control over a market by one company is called:
ACapitalism
BMonopoly
CEntrepreneurship
DBankruptcy
Answer:
B. Monopoly
Read Explanation:
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.
