Which concept describes a market controlled by a single company or a small group?

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Multiple Choice

Which concept describes a market controlled by a single company or a small group?

Explanation:
Monopoly describes a market controlled by a single company or a small group, where that entity can influence prices and supply because competition is limited. This power comes from barriers to entry, control of essential resources, or mergers that create a dominant firm, so consumers have fewer choices and prices can rise. The other terms don’t fit: national markets refer to geographic scope, muckrakers are investigative journalists, and manifest destiny is a historical belief about expansion, not market structure.

Monopoly describes a market controlled by a single company or a small group, where that entity can influence prices and supply because competition is limited. This power comes from barriers to entry, control of essential resources, or mergers that create a dominant firm, so consumers have fewer choices and prices can rise. The other terms don’t fit: national markets refer to geographic scope, muckrakers are investigative journalists, and manifest destiny is a historical belief about expansion, not market structure.

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