In the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point)

Responses

Control of a product or service by one company or group
Control of a product or service by one company or group

A competition between multiple businesses
A competition between multiple businesses

A tax on goods
A tax on goods

A variety of products available in the market

1 answer

The correct response is:

Control of a product or service by one company or group