What is a monopoly? a. when an entrepreneur starts up a small business to compete with larger companies b. when a country encourages entrepreneurs to invent new products c. when the value of a dollar goes down d. when one large company controls an entire area of products and services

The correct answer is D. When one large company controls an entire area of products and services.

Explanation

A monopoly is a term used in economics to refer to a company that has absolute control over the offer of a good or service. This causes the buyer to only have access to the product offered by this company. This condition can occur at an international or national level, in this way a company can control the market for an asset at an international level or smaller scale. For example, in most cities the sewage system is controlled by only one company. So, the correct answer is D. When one large company controls an entire area of products and services.

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