A form of restrictive growth in the marketplace in which one company controls a product or service is known as ________.

Name: A form of restrictive growth in the marketplace in which one company controls a product or service is known as ________.
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Question

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A monopoly occurs when one company has exclusive control over a product or service in the market. This means that there are no close substitutes available and consumers have no choice but to buy from the monopoly.

A Form of Restrictive Growth in the Marketplace in Which