According to the text,what is the term used when a company has exclusive control over a particular product or service such as having exclusive control of news print media for an entire province?

Question

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The term used when a company has exclusive control over a particular product or service is called a monopoly. A monopoly occurs when there is no other competition in the market and the company has complete control over the supply and price of the product or service.

According to the Text,what Is the Term Used When a Company