A _____ refers to the exclusive control of a market by a business enterprise. A. trust B. monopoly C. common enterprise D. confederation

A _____ refers to the exclusive control of a market by a business enterprise.

1. trust
2. monopoly
3. common enterprise
4. confederation

Answer

• monopoly

Explanation:

Monopoly is a situation in which a single firm or enterprise controls the whole market. This happens when the firm owns the raw materials of production, or the monopoly power is due to legislation by the government allowing only a single firm to operate in a given industry. Such enterprises are also considered price makers since they set the price at which to sell their products rather than the price being set by forces of demand and supply as is the case in a perfect competitive market.